SANAM Group Holding Company Confirms Capital Increase Schedule
The SANAM Group Holding Company has reaffirmed its commitment to a capital increase, in line with regulatory requirements set by the Capital Markets Authority. The company has outlined the key dates for the capital increase, including a cumulative date of June 22, 2025, an ex date of June 23, 2025, and a record date of June 25, 2025. The subscription period is set to begin on June 29, 2025, and will conclude on July 13, 2025. The company's adherence to the established timeline demonstrates its dedication to transparency and regulatory compliance.
Key Takeaways:
- The SANAM Group Holding Company has confirmed its schedule for a capital increase, as per Article 9-28/3 of the Boursa Rulebook.
- The cum date for the capital increase is scheduled for June 22, 2025.
- The ex date for the capital increase is set for June 23, 2025.
- The record date for the capital increase is scheduled for June 25, 2025.
- The subscription period for the capital increase will begin on June 29, 2025, and conclude on July 13, 2025.
- The allocation of offering shares is planned for July 20, 2025.
- In the event of excess subscriptions, refunds will be processed within five business days from the date of allocation of offering shares.
- The company's actions are in line with maintaining transparency and regulatory compliance within the designated market category.
- The final step in the process, the refund of subscription amounts, is scheduled to occur within five business days from the date of allocation.
Statistics:
- Cum date: June 22, 2025
- Ex date: June 23, 2025
- Record date: June 25, 2025
- Subscription period start: June 29, 2025
- Subscription period end: July 13, 2025
- Allocation of offering shares: July 20, 2025
- Business days for refund processing: 5
Sources:
- Boursa Kuwait (June 15, 2025)
- Capital Markets Authority (Boursa Rulebook, Article 9-28/3)