Subscription period for Walaa’s rights shares ends today

Capital Hike Details

Current Capital

SAR 850.58 mln

Current Number of Shares

85.06 mln

New Capital

SAR 1.27 bln

Number of Shares after Increase

127.55 mln

Capital Increase (%)

49.97%

Rights Issue Details

Offered Shares

42.5 mln

Offer Price

SAR 11

Issue Size

SAR 467.5 mln

Eligibility Ratio

Each listed shareholder shall have the right to subscribe to 0.4997 share for each existing share

Record Date

Nov. 26, 2024 (Shareholders of record who are registered with Edaa by the end of the second trading day following the EGM)

Trading Period

From Dec. 2 until Dec. 9, 2024

Subscription Period

From Dec. 2 until Dec. 12, 2024

Reason

Supporting the company’s growth and expansion plans, enhancing the financial solvency margin, and maintaining the credit rating.

Proceeds (SAR mln)

Increasing the statutory deposit as per SAMA's requirements

42.5

Long-term investments such as bonds and other fixed-income investments, bank deposits, mutual funds, REITs, and investments in private companies

345.0

Investing in Saudi-listed equities

70.90

Offering costs

9.1

Total

467.5

Financial Advisor, Underwriter & Lead Manager

AlJazira Capital