Zain Saudi rights trading period ends today

Capital Hike Details

Current Capital

SAR 4.48 bln

Number of shares

448.7 mln shares

Increase percentage

100.28%

Capital after increase

SAR 8.98 bln

Number of shares after increase

898.7 mln shares

Rights Issue Details

Number of right shares

450 million shares

Offering price per share

SAR 10

Size of issue

SAR 4.50 bln

Record date

Oct. 14, 2020 (Shareholders of record at the Securities Depository Center Co. (Edaa) on Oct. 18, 2020)

Eligibility

1.003 rights for every 1 share held

Date of rights trading and subscription

Oct. 19, 2020

End date of rights trading

Oct. 26, 2020

End date of subscription

Oct. 29, 2020

Purpose of capital hike

Partial repayment of SAR 1.67 bln worth of dues owed to Kuwait’s Zain Group

Partial repayment of Murabaha facilities with SAR 2.77 bln

Underwriting expenses and fees of SAR 65 mln

Additional Details

Financial advisor

Saudi Fransi Capital, ANB Invest, Al Rajhi Capital

Lead manager

Saudi Fransi Capital

Underwriters

Saudi Fransi Capital, ANB Invest, Al Rajhi Capital, Aljazira Capital, Riyad Capital, Alinma Investment