DAMMAM, 20 June 2005 — Fareed Al-Khalawi, president & CEO of the Amiantit Group, announced that the Capital Market Authority (CMA) has approved Amiantit’s request to increase its capital from SR770 million to SR1.155 billion. The approval was announced after the meeting of CMA’s Board of Commissioners which was held on June 15. Responding to shareholders inquiries, Al-Khalawi said that the increase in the capital will be through issuance of rights issue in which subscription will be limited to only current shareholders who are registered in Amiantit’s records in the due date, which is the date of Extraordinary General Assembly. The company will announce this date later after completion of the procedures with the Ministry of Commerce and Industry.
