The CMA Board has issued its resolution approving Al Hammadi Company For Development & Investment's initial public offering of (22,,500,000) new shares to increase its capital from (525,000,000) Saudi Riyals to (750,000,000) Saudi Riyals. The offered shares represent (30%) of the Company’s total shares after the capital increase. A portion of the offered shares will be allocated to mutual funds and authorized persons. The Company's shares will be offered during the period from 13/08/1435H to 19/08/1435H, which corresponds to the period from 11/06/2014G to 17/06/2014G, once the book-building process is complete.
The Company's prospectus will be posted to the public prior to the subscription period by a sufficient time. The prospectus includes all relevant information that investors need to know before making an investment decision, including the share price, Company's financial statements, activities and management.
A subscription decision without reading the prospectus carefully, or fully reviewing its content, may implicate a higher risk. Therefore, investors should carefully read the prospectus; which includes detailed information on the company, the offering, and risk factors. Thus, will provide the potential investors with the ability to evaluate the viability of the investment, taking into consideration the associated risks. If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to any investment decision.
The CMA Board approval of offering prospectuses should never be considered as a recommendation to invest in the offering of shares in any specific company. The Board's approval of a prospectuses merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met