Al Rajhi Takaful published on Tuesday a supplementary prospectus for its SAR 200 million rights issue, in which it named Saudi Hollandi Capital as the lead manager for the offering and Al Dukheil Financial Group as the advisor.
The supplementary contained updates to the preliminary prospectus issued in January.
Saudi Arabia’s market regulator, the Capital Market Authority (CMA), approved Al Rajhi Takaful’s SAR 200 million capital raise through a rights issue in December last year, according to data available on Argaam.
The company has said it will set aside SAR 5 million for the rights issue’s expenses, while the remaining amount will be used to fund expansions, new headquarters, and enhancing its solvency margin.
Al Rajhi’s general assembly meeting is set to be held on March 10.
|
Capital Raise Details |
|
|
SAR 200 mln |
Current Capital |
|
20 mln |
Current number of shares |
|
100 % |
Percentage of the increase |
|
SAR 400 mln |
Resulting capital |
|
Rights Issue Details |
|
|
20 mln |
Number of shares |
|
SAR 10 |
Price per share |
|
SAR 200 mln |
Size of issue |
|
March 10, 2015 |
Record date |
|
Other Details |
|
|
Saudi Hollandi Capital |
Lead manager |
|
Al Dukheil Financial Group |
Financial advisor |
|
Al-Rajhi Capital |
Lead underwriter |
|
Al Rajhi, Saudi Fransi, Riyad bank |
Receiving Banks |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}