December 18, 2022 AD
Asyaf Investment Company closes the first investment round with a subscription price of 36 Saudi riyals per share and a market value of 90 million Saudi riyals (24 million dollars).
Asyaf Investment Company announces the closing of the first investment round in the amount of 15 million Saudi riyals (4 million dollars) to increase its capital, with a subscription price of 36 Saudi riyals (9.57 dollars) per share, which reflects the market value of the company after the closing of the round of 90 million Saudi riyals ($24 million).
Mr. Aiman bin Khaled Al-Ateeqi, (Managing Director and CEO) of Asyaf Investment Company, commented on the closing of the investment round by saying: “We are very happy to complete the first round of increasing the company’s capital, for the purpose of supporting the company in its future expansion plans and building the electronic platform for wealth management in Private markets, as well as strengthening the Asayaf team with high-capacity Saudi cadres to achieve the company’s future goals.
He also stated, “We are now looking forward to expanding the company’s licenses to include operating private investment funds, managing investments, managing investment portfolios (for all types of investors), and managing private investment funds (real estate and non-real estate).”
It is worth noting that Asyaf Investment Company was established in 2021 AD and is headquartered in Riyadh, Kingdom of Saudi Arabia, with a commercial registration number (1010690435) and a capital of (10,000,000) ten million Saudi riyals divided into (1,000,000) one million nominal shares of equal value, the value of each of which is (10). Ten Saudi riyals, all of which are ordinary shares and cash. It is a financial institution licensed by the Saudi Capital Market Authority with license number (32-20213), in order to practice arranging services, advice, investment management, investment portfolio management (for qualified investors), and management of private investment funds (non-real estate).
On 06/03/1444 AH corresponding to 02/10/2022 AD, the company’s board of directors recommended an increase in the company’s capital through offering primary rights shares at a value of (15,000,000) fifteen million Saudi riyals, divided into (1,500,000) one million and five hundred thousand shares, after Obtaining regulatory approvals and the approval of the (extraordinary) General Assembly. On 03/14/1444 AH corresponding to 10/10/2022 AD, the
company’s extraordinary general assembly agreed to increase the capital through the issuance of primary rights shares. Saudi riyals per share with a nominal value of (10) ten Saudi riyals, in order to increase the capital from (10,000,000) ten million Saudi riyals divided into (1,000,000) one million nominal shares to 25,000,000 twenty-five million Saudi riyals divided into 2,500,000 nominal shares, after obtaining regulatory approvals.
For more information, contact:
Asyaf Investment Company