Ash-Sharqiyah’s rights trading period ends today

Logo of Ash-Sharqiyah Development

Ash-Sharqiyah Development rights trading period ends today, May 18.

Rights trading period started on May 11, to increase the company’s capital from SAR 75 million to SAR 300 million.

Subscription period, which also started on May 11, will continue until May 23.

Rights issue holders are allowed to exercise their right to subscribe to new shares (in full or in part) up to the number of shares available in their portfolios.

Capital Increase Details
Current Capital	SAR 75 mln
Number of Shares	7.5 mln
Capital Increase %	300%
Capital After Increase	SAR 300 mln
Number of Shares After Increase	30 mln

Rights Issue Details
Offered Shares	22.5 mln
Offer Price	SAR 10
Issue Size	SAR 225 mln
Subscription Period	May 11-23, 2023
Rights Trading Period	May 11-18, 2023
Eligibility	Each listed shareholder shall have the right to subscribe to three shares per share owned
Record Date	Shareholders of record on May 7, 2023, and those registered with the Securities Depository Center Company by the end of the second trading day after the general meeting date
Rights Issue Proceeds	Expansion of poultry business	SAR 177.3 mln
	Payment of liabilities	SAR 29 mln
	Working capital	SAR 15 mln
	Offering fees and costs	SAR 3.7 mln
	Total	SAR 225.0 mln

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