CERTIFICATIONS & AWARDS – Page 9

Saudi Cable Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Posted on November 3, 2021June 25, 2024 by admin

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	23,501	92,607	-74.622	41,349	-43.164
Gross Profit (Loss)	-24,224	-13,282	82.382	-20,965	15.544
Operational Profit (Loss)	-43,243	-42,756	1.139	-31,504	37.261
Net Profit (Loss) after Zakat and Tax	-46,559	51,405	–	-19,186	142.671
Total Comprehensive Income	-48,317	48,178	–	-26,551	81.978
All figures are in (Thousands) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	128,705	297,323	-56.712
Gross Profit (Loss)	-62,446	-37,325	67.303
Operational Profit (Loss)	-111,579	-105,843	5.419
Net Profit (Loss) after Zakat and Tax	-101,627	-8,374	1,113.601
Total Comprehensive Income	-111,735	-3,299	3,286.935
Total Share Holders Equity (after Deducting Minority Equity)	173,687	338,466	-48.684
Profit (Loss) per Share	-2.82	-0.18
All figures are in (Thousands) Saudi Arabia, Riyals

	ACCUMULATED LOSSES	CAPITAL	PERCENTAGE %
	-164,048	360,614	-45.49
All figures are in (Thousands) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The Group made a net loss of SR 46.6 million in current quarter as compared to the net profit of SR 51.4 million in the same quarter of the previous year and the change in net losses of the current quarter compared with net profit of the same quarter of the previous year are mainly due to following impacts:• Lower volumes in current quarter as compared to same quarter of the previous year.• Decreased expenses in current quarter as compared to same quarter of the previous year.• Decreased other income in current quarter as compared to same quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The Group made a net loss of SR 46.6 million in current quarter as compared to the net loss of SR 19.2 million in the previous quarter and the change in net losses of the current quarter compared with net loss of the previous quarter are mainly due to following impacts:• Lower volumes in current quarter as compared to previous quarter.• Decreased one-off expenses in current quarter as compared to previous quarter.• Decreased other income in current quarter, as compared to previous quarter.• Decreased share of profit from associates in current quarter as compared to previous quarter.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	“The Group made a net loss of SR 101.6 million in current period as compared to the net loss of SR 8.4 million in the same period of the previous year and the change in net losses of the current period compared with net loss of the same period of the previous year are mainly due to following impacts:• Lower volumes in current period as compared to same period of previous year.• Decreased expenses and finance cost in current period as compared to same period of the previous year.• Increased share of profit from associates in current period as compared to net losses in same period of the previous year.• Decreased other income in current period as compared to same period of previous year.
Statement of the type of external auditor’s report	Qualified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	Basis for Qualified Conclusion• As stated in note 6, the interim condensed consolidated financial statements include investment in an associate (50% ownership) with a carrying value of SAR 310.3 million and share of results of S AR 11.5 million as at and for the nine-month period ended September 30, 2021 (SAR 319.12 million and SAR 1.52 million as of and for the year ended December 31,2020). The associate had trade receivables amounting to SAR 48 million, out of which the Group’s share is SAR 24 million; that are overdue for more than one year, against which management has not recognized any allowance for expected credit losses. Management was unable to provide us with adequate information to ensure the recoverability of those trade receivables balances. Had we been provided adequate information, matters might have come to our attention indicating that adjustments might be necessary to the interim condensed consolidated financial information for and as of the period ended September 30, 2021.• As stated in note 17, the Group received assessments from the Zakat, Tax and Customs Authority (the Authority), claiming additional Zakat liabilities of SAR 239.5 million (December 31, 2020: SAR 201.9 million) in respect of the assessment for prior years against which the Group has filed appeals. It is management’s assertion that they have grounds to contest against items included in the assessments raised by the Authority, that the outcome of the appeals is uncertain at this stage and, therefore, it is not possible to determine the potential Zakat provision. No provision has been made in these consolidated financial statements for the items under appeal and for any potential exposure relating to open years not yet assessed by the Authority. We have not been provided details or basis of certain appeals, including details of zakat computation in respect of certain open years for the Company and of the certain subsidiaries. Had we been able to complete our review of zakat assessments, matters might have come to our attention indicating that adjustments might be necessary to the interim condensed consolidated financial information for and as of the period ended September 30, 2021G.Material Uncertainty Related to Going ConcernWe draw attention to Note 2 in the interim condensed consolidated financial statements which states that the Group incurred a net loss of SAR 100.9 million during the nine-month period ended September 30, 2021 and, as of that date, the Group’s current liabilities exceeded its current assets by SAR 224.6 million. These events or conditions, along with other matters, indicate that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter.Other MatterThe consolidated financial statements of the Group for the year ended December 31, 2020 and the interim condensed consolidated financial statements for the six month period ended June 30, 2020, nine-month period ended September 30, 2020 and the three month period ended March 31, 2021 were audited and reviewed by another Auditors who expressed a modified opinion and conclusion on April 06, 2021, August 25, 2020, November 10, 2020 and May 23, 2021.Qualified ConclusionBased on our review, except for the effects of the matters described in the paragraphs mentioned above, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial statements are not prepared, in all material respects, in accordance with IAS 34 “Interim Financial Reporting” as 0endorsed in the Kingdom of Saudi Arabia.
Reclassification of Comparison Items	Certain prior period figures have been reclassified to conform to current period presentation, which are not material in nature.
Additional Information	In line with IAS 33 Earnings per share, loss per share for the periods ended 30 September 2021 and 30 September 2020 were calculated by dividing the loss from main operations and net loss for each period by weighted average number of shares outstanding during the period.The Company’s accumulated losses as at September 30, 2021 reached SR 164.0 million (SR 62,4 million as at December 31, 2020) whereby amounting to 45.5% of it’s share capital as at period ended September 30, 2021 (17.31% as at year ended December 31, 2020). The Company has applied “”Procedures and instructions related to listed companies with accumulated losses reaching 20% or more of their share capital”” issued by the Capital Market Authority of the Kingdom of Saudi Arabia.During the three-month period ended September 30, 2021, The group waived it’s right and obligations in XECA International Information Technology Company to Xenel Industries Limited Company (a related party), the carrying amount of this investment at disposal date was zero, accordingly it had no effect on the accompanying interim condensed consolidated financial statements.

Saudi Cable Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )

Posted on October 14, 2021June 25, 2024 by admin

ELEMENT LIST	EXPLANATION
Introduction	Saudi Cable Company announces the results of the Ordinary General Assembly Meeting (2nd Meeting) for the failing of the quorum in the first meeting, and consequently, second meeting was held after one hour of the first meeting, which held at the Company Head Office in Jeddah, through the means of modern technology using Tadawulaty web site, at 20:30 pm, on Wednesday, 13/10/2021 headed by the Chairman of the Board, Mr. Abdulrahman I. Alkhayal, after valid quorum attended by (6.92%)
City and Location of the General Assembly’s Meeting	Saudi Cable Company’s Head Office, Jeddah – Via means of Modern Technology.
Date of the General Assembly’s Meeting	2021-10-13 Corresponding to 1443-03-07
Time of the General Assembly’s Meeting	20:30
Percentage of Attending Shareholders	6.92%
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees	Names of the Board Members who are attended the meeting:- Mr. Abdulrahman Alkhayal (Chairman of the Board)- Mrs. Noha Sulaimani (Vice-Chairman & Managing Director)- Mr. Abdulhadi Abulkhair.- Mr. Saleh Al Shathry- Mr. Meyassar Nowailati- Mr. Ali Al Attas- Mr. Azhar Kenji- Mr. Nael Fayez
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf	– Mr. Saleh Al Shathry (Chairman of the Nomination & Remuneration Committee)
Voting Results on the Items of the General Assembly’s Meeting Agenda’s	1. Approved the appointment of Mr. Bassem T. Hijaz as members of the audit committee (member from outside the Board) from the date of the general assembly until the end of the current committee’s term on 13-01-2024, this is in place of the previous committee member, Mrs. Noha A. Sulaimani (Independent).2. Approved to increase the number of members of the audit committee from (3) to (4) seats to the number of members of the audit committee (4) members, by appointing Mr. Mazen K. Al-Zayer as members of the audit committee (member from outside the Board) from the date of approval of the general assembly until the end of the current committee’s term on 13-01-2024.
Additional Information	N/A

Saudi Cable Company announces its shareholders’ invitation to attend the Ordinary General Assembly (first meeting). Via means of modern technology

Posted on September 22, 2021June 25, 2024 by admin

ELEMENT LIST	EXPLANATION
Introduction	The Board of Directors of The Saudi Cable Company is pleased to invite its shareholders to share and vote in the OGA meeting (first meeting) scheduled to be held at 7:30 p.m. on Wednesday, October 13, 2021, via means of modern technology through Tadawulaty system. in order to ensure the safety of shareholders and to support preventive and precautionary efforts and measures by the competent and relevant health authorities to deal with the new COVID19 virus, As an extension of the continued efforts of all government agencies in Saudi Arabia to take the necessary preventive measures to prevent its spread.
City and Location of the General Assembly’s Meeting	The company’s headquarters – Jeddah – through modern technology.
URL for the Meeting Location	WWW.TADAWULATY.COM.SA
Date of the General Assembly’s Meeting	2021-10-13 Corresponding to 1443-03-07
Time of the General Assembly’s Meeting	19:30
Attendance Eligibility	Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly’s Meeting	The OGA is valid if shareholders representing at least a quarter of the capital attend and if there is no quorum required to hold this meeting, the second meeting will be held an hour after the expiry of the first meeting, and the second meeting will be valid no matter how many shares are represented
General Assembly Meeting Agenda	1- Vote on the appointment of Mr. Bassem T. Hijaz as members of the audit committee (member from outside the Board) from the date of the general assembly until the end of the current committee’s term on 13-01-2024, this is in place of the previous committee member, Mrs. Noha A. Sulaimani (Independent). (CV attached).2- Vote to increase the number of members of the audit committee from (3) to (4) seats to the number of members of the audit committee (4) members, by appointing Mr. Mazen K. Al-Zayer as members of the audit committee (member from outside the Board) from the date of approval of the general assembly until the end of the current committee’s term on 13-01-2024, (CV attached).
Proxy Form	–
E-Vote	Shareholders registered in the services of the two trades will be able to vote remotely on the terms of the Association from 10 a.m. on (Saturday) 09/10/2021 until the end of the assembly time, registration and voting in trading services will be available and free of charge to all shareholders using the following link:WWW.TADAWULATY.COM.SA
Eligibility for Attendance Registration and Voting	Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
Method of Communication	If there is an inquiry, we hope to contact shareholder relations management tell: (012) 6087500 and email:Investor.Relations@saudicable.com
Attached Documents	–

Saudi Cable Co. Announces Appointment of a managing director

Posted on September 1, 2021June 25, 2024 by admin

ELEMENT LIST	EXPLANATION
Introduction	Saudi Cable Company announces that its Board of Directors issued its decision on 24-01-1443 H corresponding to 01-09-2021 AD and based on the recommendation of the Nominations and Remunerations Committee approving the appointment of a member of the Board of Directors (independent member) Mrs. Noha A. Sulaimani as the managing director of the company and amending the membership status to be an executive member as of the date 02-09-2021 until the end of the current session of the Board on 13-01-2024.

ELEMENT LIST

EXPLANATION

Introduction

Saudi Cable Company announces that its Board of Directors issued its decision on 24-01-1443 H corresponding to 01-09-2021 AD and based on the recommendation of the Nominations and Remunerations Committee approving the appointment of a member of the Board of Directors (independent member) Mrs. Noha A. Sulaimani as the managing director of the company and amending the membership status to be an executive member as of the date 02-09-2021 until the end of the current session of the Board on 13-01-2024.

ELEMENT LIST	EXPLANATION
Appointed Member Name	Noha A. Sulaimani
Membership Type	Executive
Membership Start Date	2021-09-02 Corresponding to 1443-01-25
Brief Resume of the Appointed Member	It is worth mentioning that Mrs. Noha A. Sulaimani holds a Bachelor’s degree in Accounting from King Abdulaziz University and a Master’s degree in Finance and Investment from Leeds University. Certified Compliance Monitor and Compliance Certificate, Anti-Money Laundering and Combating the Financing of Terrorism and compliance advisor, with more than 14 years of experience in the financial sector and financial markets, and has extensive experience in the Capital Market Authority’s systems, banking sector regulations, risk management, and treasury and finance.

ELEMENT LIST	EXPLANATION
Date of Board Meeting in which Appointed New Member(s) were Appointed	2021-09-01 Corresponding to 1443-01-24
Board Approval	Board approved the appointment of the Managing Director on 01-09-2021
Additional Information	The Chairman and members of the Company’s Board of Directors also wish the Managing Director success in her upcoming duties.

Saudi Cable Co. Announces Resignation of the Audit Committee Member

Posted on September 1, 2021June 25, 2024 by admin

ELEMENT LIST	EXPLANATION
Introduction	Saudi Cable Company announces the resignation of the Chairman of the Audit Committee (independent member), Mrs. Noha A. Sulaimani, provided that the resignation takes effect from 02-09-2021.

ELEMENT LIST	EXPLANATION
Name of Resigning Member	Noha A. Sulaimani
Resignation Submission Date	2021-09-01 Corresponding to 1443-01-24
Resignation Effective Date	2021-09-02 Corresponding to 1443-01-25
Reasons for Resignation	Appointing her as managing director of the company
Resigning Member Start Date	2021-01-25 Corresponding to 1442-06-12

Saudi Cable Co. Announces the Submission of the Decrease of the Company’s Capital Application File and the Increase of the Company’s Capital by Offering Rights Issue Application File to CMA

Posted on August 24, 2021June 25, 2024 by admin

ELEMENT LIST	EXPLANATION
Introduction	With reference to the company’s announcement on 01-07-2021 Corresponding to 21-11-1442 regarding the board of directors’ recommendation to reduce the company’s capital by an amount of (98,303,000) Saudi riyals and then increasing the capital by offering of rights issue in the amount of (500,000,000) Saudi riyals, Conditional on obtaining the approval of the relevant official authorities and the extraordinary general assembly.Saudi Cable Co. announces its submission on Monday 23-08-2021 Corresponding to 15-01-1443 the application file for approval to reduce the company’s capital and the application file for approval to increase the company’s capital by offering of rights issue to the Capital Market Authority.
Date of Submitting the Application File to CMA	2021-08-23 Corresponding to 1443-01-15
Application Subject	Reducing the capital by (98,303,000) Saudi riyals, and then increasing the capital by offering of rights issue in the amount of (500,000,000) Saudi riyals.
Date of Announcing Board Recommendation to Increase the Company’s Capital on Tadawul’s Website	2021-07-01 Corresponding to 1442-11-21
Additional Information	The approval of the extraordinary general assembly on the process of increasing the company’s capital by issuing of rights issue is conditional on the extraordinary general assembly’s approval of the proposed reduction of the capital.The company will announce any future developments in this regard in due course.

Correction announcement from Saudi Cable Co. in regards to Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Posted on August 18, 2021June 25, 2024 by admin

ELEMENT LIST	EXPLANATION
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website	2021-08-17 Corresponding to 1443-01-09
URL of the Previous Announcement	Click Here
Incorrect statements in the previous announcement	In the element Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion the following was mentioned:Other Matter:The interim condensed consolidated financial statements of the Group for the six-month period ended June 30, 2020 were reviewed by another auditor who expressed an unmodified review conclusion on those financial statements on August 25, 2020.
Correct Statement	The correction is:Other Matter:The financial statements of the company for the year ended December 31, 2020, for the three month period ended March 31, 2021 and for the six month period ended June 30, 2020, were audited and reviewed by another Auditors who expressed a modified opinion and conclusion on April 06, 2021, May 23, 2021 and August 25, 2020.
Additional Information	N/A

Saudi Cable Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Posted on August 18, 2021June 25, 2024 by admin

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	41,349	145,184	-71.519	63,855	-35.245
Gross Profit (Loss)	-20,965	-6,738	211.145	-17,257	21.486
Operational Profit (Loss)	-31,504	-25,140	25.314	-36,832	-14.465
Net Profit (Loss) after Zakat and Tax	-19,186	-16,582	15.703	-35,882	-46.53
Total Comprehensive Income	-26,551	-4,423	500.293	-36,867	-27.981
All figures are in (Thousands) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	105,204	204,716	-48.609
Gross Profit (Loss)	-38,222	-24,043	58.973
Operational Profit (Loss)	-68,336	-63,087	8.32
Net Profit (Loss) after Zakat and Tax	-55,068	-59,779	-7.88
Total Comprehensive Income	-63,418	-51,477	23.196
Total Share Holders Equity (after Deducting Minority Equity)	222,724	290,290	-23.275
Profit (Loss) per Share	-1.53	-1.26
All figures are in (Thousands) Saudi Arabia, Riyals

	ACCUMULATED LOSSES	CAPITAL	PERCENTAGE %
	-117,489	360,614	-32.58
All figures are in (Thousands) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The Group made a net loss of SR 19.2 million in current quarter as compared to the net loss of SR 16.6 million in the same quarter of the previous year and the change in net losses of the current quarter compared with net loss of the same quarter of the previous year are mainly due to following impacts:• Lower volumes in current quarter as compared to same quarter of previous year.• Decreased expenses in current quarter as compared to same quarter of the previous year.• Increased share of profit from associates in current quarter as compared to net profit in same quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The Group made a net loss of SR 19.2 million in current quarter as compared to the net loss of SR 35.9 million in the previous quarter and the change in net losses of the current quarter compared with net loss of the previous quarter are mainly due to following impacts:• Lower volumes in current quarter as compared to previous quarter.• Decreased one-off expenses and finance cost in current quarter as compared to previous quarter.• Increased other income in current quarter, as compared to previous quarter.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The Group made a net loss of SR 55.1 million in current period as compared to the net loss of SR 59.8 million in the same period of the previous year and the change in net losses of the current period compared with net loss of the same period of the previous year are mainly due to following impacts:• Lower volumes in current period as compared to same period of previous year.• Decreased expenses and finance cost in current period as compared to same period of the previous year.• Increased share of profit from associates in current period as compared to net losses in same period of the previous year.
Statement of the type of external auditor’s report	Qualified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	Basis for Qualified Conclusion• As stated in note 6, the consolidated financial statements include investment in an associate (50% ownership) with a carrying value of SR 317 million and share of results of SR 13.1million as at and for the six-month period ended June 30, 2021 (SR 319.12 million and SR 1.52 million as of and for the year ended December 31, 2020). The associate had trade receivables amounting to SR 48 million, out of which the Group’s share is SR 24 million; that are overdue for more than one year, against which management has not recognized any allowance for expected credit losses. Management was unable to provide us with adequate information to ensure the recoverability of those trade receivables balances. Had we been provided adequate information, matters might have come to our attention indicating that adjustments might be necessary to the interim condensed consolidated financial information for and as of the period ended June 30, 2021.• As stated in note 17, the Group received assessments from the Zakat, Tax and Customs Authority (the Authority), claiming additional Zakat liabilities of SR 199.8 million (December 31, 2020: SR 201.9 million) in respect of the assessment for prior years against which the Group has filed appeals. It is management’s assertion that they have grounds to contest against items included in the assessments raised by the Authority, that the outcome of the appeals is uncertain at this stage and, therefore, it is not possible to determine the potential Zakat provision. No provision has been made in these consolidated financial statements for the items under appeal and for any potential exposure relating to open years not yet assessed by the Authority. We have not been provided details or basis of certain appeals, including details of zakat computation in respect of certain open years for the Company and of the certain subsidiaries. Had we been able to complete our review of zakat assessments, matters might have come to our attention indicating that adjustments might be necessary to the interim condensed consolidated financial information for and as of the period ended June 30, 2021.Material Uncertainty Related to Going ConcernWe draw attention to Note 2.5 in the interim condensed consolidated financial statements which states that the Group incurred a net loss of SR 54.5 million during the six-month period ended June 30, 2021 and, as of that date, the Group’s current liabilities exceeded its current assets by SR 113.32 million. These events or conditions, along with other matters, indicate that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.Other MatterThe interim condensed consolidated financial statements of the Group for the six-month period ended June 30, 2020 were reviewed by another auditor who expressed an unmodified review conclusion on those financial statements on August 25, 2020.Qualified ConclusionExcept for the adjustments to the interim condensed consolidated financial information that we might have become aware of had it not been for the situation described above, based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information does not present fairly, in all material respects, the financial position of the Group as at June 30, 2021, and of its financial performance and its cash flows for the six-month period then ended in accordance with IAS 34, as endorsed in the Kingdom of Saudi Arabia.
Reclassification of Comparison Items	Certain prior period figures have been reclassified to conform to current period presentation, which are not material in nature.
Additional Information	In line with IAS 33 Earnings per share, loss per share for the periods ended 30 June 2021 and 30 June 2020 were calculated by dividing the loss from main operations and net loss for each period by weighted average number of shares outstanding during the period.The Company’s accumulated losses as at June 30, 2021 reached SR 117.5 million (SR 62,4 million as at December 31, 2020) whereby amounting to 32.6% of it’s share capital as at period ended June 30, 2021 (17.31% as at year ended December 31, 2020). The Company has applied Procedures and instructions related to listed companies with accumulated losses reaching 20% or more of their share capital issued by the Capital Market Authority of the Kingdom of Saudi Arabia.

Addendum Announcement from Saudi Cable Company regarding an update on a transaction of assets purchase; value of 200 million Saudi Riyal for the purpose of reselling them to finance the Company’s working capital

Posted on August 16, 2021June 25, 2024 by admin

ELEMENT LIST	EXPLANATION
Introduction	Reference to the Saudi Cable Company an announcement on 04/01/1443H, corresponding to 12/08/2021, regarding an update on a transaction of assets purchase; value of 200 million Saudi Riyal for the purpose of reselling them to finance the Company’s working capital, and in order to clarify that the date for the submission of the request for the execution of the order for the advance payment to Jeddah Enforcement Court, it was on 17/11/1442H, corresponding to 27/06/2021.
Date of Posting the Previous Announcement of Development on Tadawul’s Website	2021-08-12 Corresponding to 1443-01-04
URL of the Previous Announcement	Click Here
Change on the Development	For clarification that the date for the submission of the request for the execution of the order for the advance payment to Jeddah Enforcement Court, it was on 17/11/1442H, corresponding to 27/06/2021.
Financial Impact on the change	N/A
Additional Information	N/A