The Board of Directors of Sahara Petrochemical Company recommended that the company request the Capital Market Authority , the Ministry of Trade and Industry, and the Company General Assembly to increase the company capital through a rights issue  to finance  expansions and future projects of the company by (1,584,600,000) SR.
 
This amount shall be obtained through a rights issue. The number and the offering price of rights issue shall be determined after obtaining the necessary approvals from relevant authorities and the extraordinary General Assembly on   the increase in the capital. The date of eligibility shall be at the end of the trading day during which the extraordinary General Assembly is held to determine the increase in the capital.

Regards,
Public Relations Department