Saudi Airlines Catering Company Main Prospectus
Saudi Airlines Catering Company Main Prospectus Sale of 24,600,000 Shares representing 30% of Saudi Airlines Catering Company through an Initial Public Offering at an Offer Price of SAR 54 per Share A Saudi Joint Stock Company with Commercial Registration No. 4030175741 and which was converted into a joint stock company pursuant to the Resolution of the Minister of Commerce and Industry Number. 68/K dated 22/2/1432H (corresponding to 26 January 2011G) Offer Period: 28/7/1433H to 4/8/1433H (corresponding to 18/6/2012G to 24/6/2012G) Saudi Airlines Catering Company ("SACC" or the "Company") was founded as a limited liability company in Saudi Arabia with commercial registration number 4030175741 on 20/1/1429H (corresponding to 29 January 2008G) with a share capital of SAR 100,767,000 divided into 1,007,670 shares of SAR 100 each. The Company was converted into a joint stock company pursuant to the Resolution of the Minister of Commerce and Industry Number 68/K dated 22/2/1432H (corresponding to 26 January 2011G) with a share capital of SAR 100,767,000 divided into 10,076,700 ordinary shares of SAR 10 each. Pursuant to the resolution of the Extraordinary General Assembly held on 14/4/1432H (corresponding to 19 March 2011G), the capital of the Company was increased from SAR 100,767,000 to SAR 820,000,000 divided into 82,000,000 ordinary shares of SAR 10 each (the "Shares") through the capitalisation of (i) SAR 658,791,392 from the Company's retained earnings; (ii) SAR 13,718,428 from the Company's general reserve; and (iii) SAR 46,723,180 from the Company's statutory reserve.
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