AI Summary
Al Tayyar Travel Group Holding Co. has provided a list of its 15 major shareholders as it prepares to make an acquisition offer to purchase a 30 percent stake in Thakher Investment and Real Estate Development Co.
The list includes: Prince Mohammad bin Fahd bin Abdul-Aziz, the General Organization for Social Insurance (GOSI), three investment funds run by Samba Financial Group (Samba), and Nasser Al Tayyar’s directly and indirectly owned shareholdings.
Al Tayyar invited investors who hold at least 20 stocks in the company to vote on a capital raise at its extraordinary general meeting on March 10.
The capital hike aims to finance the acquisition of the 30 percent stake in Thakher Investment and Real Estate Development Co. in a share swap deal through the issuance of 9.65 million shares equally to Mohammed Alsubeaei & Sons Investment Company (MASIC) and Abdullah Almishal & Sons Co.
Under the agreement, Al Tayyar shares issued to MASIC and Almishal will be worth SAR 83.30 each.
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Al Tayyar’s Ownership Structure |
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|
Owner |
No. of shares (mln) |
Stake % |
|
Al Tayyar Investment & Real Estate |
36.67 |
18.33% |
|
Nasser Al Tayyar |
29.16 |
14.58% |
|
Prince Mohamed bin Fahd bin Abdul Aziz |
9.67 |
4.84% |
|
GOSI |
8.23 |
4.12% |
|
Saleh Abdul Rahman Al Rajhi |
4.08 |
2.04% |
|
Salman Ibrahim Al Masoud |
3.73 |
1.87% |
|
Hassana Investment Co. |
3.03 |
1.51% |
|
Tharawat Holding Co. |
3.00 |
1.50% |
|
Mohamed Said Abu Zahla |
2.78 |
1.39% |
|
Samba local stocks trading fund |
2.32 |
1.16% |
|
Jadwa Investment Fund |
2.23 |
1.11% |
|
Abdul Rahman Al Halafi |
2.19 |
1.10% |
|
Mohamed Saleh Al Khalil |
2.10 |
1.05% |
|
Samama Operations & Management Co. |
2.01 |
1.01% |
|
Financial Investment Fund 1 |
2.01 |
1.00% |
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