Saudi Fisheries’ rights subscription period ends today

Saudi Fisheries Co.’s (Alasmak) rights subscription period ends today, June 18, 2020.

Rights subscription started on June 8, to increase the company’s capital from SAR 101.1 million to SAR 400 million, through a rights issue of 29.89 million shares at SAR 10 per share.

Rights issue trading period, which also started on June 8, ended on June 15, 2020.

Key Figures of the Capital Hike
Current Capital	SAR 101.1 mln
Number of shares	10.1 mln
Hike %	295.7%
New Capital	SAR 400 mln
New number of shares	40 mln
Key Figures of the Rights Issue
Number of rights issue shares	29.89 mln
Offering price	SAR 10
Offering size	SAR 298.9 mln
Eligibility	2.957 shares for each share held
Beginning of rights issue trading period and new shares subscription	June 8, 2020
End of rights issue trading period	June 15, 2020
End of new shares subscription period	June 18, 2020
Record date	May 14, 2020 (including those registered at the Securities Depository Center two business days following this date (May 18, 2020))
Use of rights issue proceeds	Financing restructuring plan and projects operations, covering establishing costs, working capital and loan repayment.
Additional Information
Financial Advisor, lead manager and underwriter	Falcom Financial Services

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