Yaqeen Capital announces that on 11/13/2024 AD, corresponding to 5/11/1446 AH, a service provision agreement has been  signed with Hashi Basha Company to arrange the process of offering the company’s shares for public subscription and then listing on the main market.

The process of arranging the offering and listing of shares takes place through multiple stages, starting from the date of signing the agreement and extending until obtaining approvals from the Capital Market Authority and the actual listing of the shares on the main market.

This agreement results in a financial impact in the form of financial revenues for Yaqeen Financial Company, the value of the revenues are determined according to the progress of the stages, obtaining approval from the Capital Market Authority for the offering and listing, and the actual success of the offering and listing in the market.

Upon the success of all stages of the offering and listing process, the total revenues collected from the process will exceed 5% of the total revenues of Yaqeen Financial, compared to the last audited annual financial statements for the year 2023 AD.