Subscription to Tihama Advertising and Public Relations Co.’s rights issue will close today, Aug. 6.

 

Tihama launched its rights issue on July 20, to raise capital to SAR 175 million from SAR 75 million.

 

The company offered 10 million shares at SAR 10 each at a total value of SAR 100 million.

 

Rights trading ended on Monday, July 27.

 

Key Figures of the Capital Hike

Current capital

SAR 75 mln

Number of shares

7.5 mln shares

Hike (%)

133.3%

New capital

SAR 175 mln

New shares

17.5 mln shares

Rights Issue Details

Number of rights issue shares

10.0 mln shares

Issue price

SAR 10/share

Issue size

SAR 100 mln

Eligibility date

(July 15, shareholders registered at Edaa by the close of trading on the second day following the EGM)

Eligibility coefficient

Each shareholder is eligible to 1.33 rights for every share held

Start of right issue and subscription to new shares

July 20, 2020

End of rights issue trading

July 27, 2020

End of subscription to new shares

August 6, 2020

Use of Proceeds

To support expansions in business activities.

Additional Information

Financial advisor, Lead manager and Underwriter

Falcom

 

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