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