Saudi Fisheries’ rights trading period ends today

Saudi Fisheries Co.’s (Alasmak) rights trading period ends today, June 15, 2020.

Rights trading started on June 8, to increase the company’s capital from SAR 101.1 million to SAR 400 million, through a rights issue of 29.89 million shares at SAR 10 per share.

Rights issue subscription period, which also started on June 8, will end on June 18, 2020.

Rights holders are entitled to subscribe to the new shares partially or fully pro rata. The remaining shares will be reoffered to institutional investors.

Key Figures of the Capital Hike
Current Capital	SAR 101.1 mln
Number of shares	10.1 mln
Hike %	295.7%
New Capital	SAR 400 mln
New number of shares	40 mln
Key Figures of the Rights Issue
Number of rights issue shares	29.89 mln
Offering price	SAR 10
Offering size	SAR 298.9 mln
Beginning of rights issue trading period and new shares subscription	June 8, 2020
End of rights issue trading period	June 15, 2020
End of new shares subscription period	June 18, 2020
Record date	May 14, 2020 (including those registered at the Securities Depository Center two business days following this date)
Use of rights issue proceeds	Financing restructuring plan and projects operations, covering establishing costs, working capital and loan repayment.
Additional Information
Financial Advisor, lead manager and underwriter	Falcom Financial Services

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