​The CMA’s board has issued its resolution approving Altayyar Travel Group Company’s capital increase request from SR 2,000,000,000 to SR 2,096,500,000 for the purpose of acquiring a 30% stake in Thakher Investment and Real Estate Development Company owned by Mohammed I. Alsubeaie & Sons Investment Company and Abdullah Almishal & Sons Company in equal percentages.

Approval was granted upon Altayyar Travel Group Company’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, Altayyar Travel Group Company 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 investment 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 prior to any investment decision.

The CMA’s Board approval of a particular company’s request 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 Board approval of a company’s request to increase its capital merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.