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On November 23, 2020, Saudi Industrial Export Company (“SIECO”) has appointed Alkhair Capital as the financial advisor for its capital increase by way of rights issue after the approval of the Company’s Board of Directors.

SIECO announced on Tadawul that: “The Company would announce to the public once the application of the capital increase by way of rights issue submitted to the Capital Market Authority (“CMA”) and any future developments that must be disclosed as they become available.”

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