GO rights trading period ends today

Details of Capital Increase

Current Capital

SAR 89.99 mln

Current Number of Shares

8.99 mln

Percentage of Increase

277.78%

Capital after Increase

SAR 339.99 mln

Number of Shares

33.99 mln

Rights Issue Details

Number of shares offered

25 mln

Offer price 

SAR 10

Size of issue

SAR 250 mln

Subscription Period

From Feb. 12 to Feb. 25

Rights Trading Period

From Feb. 12 to Feb. 19

Purpose

Develop and modernize its business systems and networks and pay some of its obligations.

Record Date

Feb. 6, 2024

Rights Coefficient

2.7778 right per existing share

 Uses of offering proceeds (SAR mln)

Payment of part of the outstanding balances and receivables to one of the company’s main suppliers

49

Payment of a balance due to the Communications, Space and Technology Commission

15

Payment of part of the total value related to the settlement agreement with TAWAL Co,

26

Developing infrastructure by developing networking

35

Developing microwave technology to support the business sector

30

Developing and building information centers

10

Updating basic network equipment

35

Implementing cyber security systems

40

Developing Network capacity

40

Offering costs

6

Total

250

Additional Information

Financial advisor, book-runner and underwriter

Alinma Investment