Samsung Saudi Arabia Ltd. announced a private placement of 90,000 common shares at an issue price of SAR 2,500 per common share for gross proceeds of SAR 225,000,000 on January 20, 2019. The securities will be issued at par. The company will issue 0.0632022 new shares per one existing share. The transaction will include participation from existing investor Samsung Engineering Co., Ltd. (KOSE:A028050). Post the transaction, the investor will hold 1,513,800 shares and will continue to retain 99.99% stake in the company The transaction has been approved by the board of directors of the investor.