​The CMA has issued its resolution approving the National Company for Glass Industries’ application to increase its capital from SR 300,000,000 to SR 329,000,000 for the purpose of acquiring a ten percent (10%) equity stake currently held by Eastern Company for Industrial Investment in Saudi Guardian International Glass Company, and a ten percent (10%) equity stake currently held by Al Zamil Group Holding Company in Guardian Zoujaj International Float Glass Company.

Such approval was granted upon the National Company for Glass Industry’s compliance with the relevant disclosure requirements as per the Listing Rules.

Prior to the Extraordinary General Assembly Meeting that will be held to vote on the capital increase, the National Company for Glass Industries will publish a disclosure document to its shareholders related to the objectives and rationale of the capital increase. The disclosure document must include all relevant information the Company's shareholders need to know before making a voting decision on the capital increase for the said purpose, including information on the acquisition transaction and risk factors.

A voting decision without reading the disclosure document carefully or fully reviewing its content may involve high risk. Therefore, shareholders should carefully read the disclosure document in order to make a well-informed decision when voting on the capital increase resolution for the said purpose. If the disclosure document proves difficult to understand, it is recommended to consult with an authorized financial advisor.

The CMA’s approval of a particular company’s application to increase its capital should never be viewed as an endorsement of the feasibility of the capital increase for the purposes of a transaction. The CMA’s approval of a company’s application to increase its capital merely means that the regulatory requirements as per the Capital Market Law and its Implementing Regulations have been met.