Al Kathiri Holding Co. announced on Monday the publication of its rights issue prospectus.
The company plans to issue 4.52 million rights issue shares at SAR 10 per share to raise its capital to SAR 90.4 million from SAR 45.2 million.
In November 2019, Al Kathiri’s board of directors recommended a capital hike through a SAR 45.2 million rights issue, according to data available on Argaam.
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Key Figures of the Capital Hike |
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Current capital |
SAR 45.2 mln |
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Number of shares |
4.52 mln shares |
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Hike (%) |
100% |
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New capital |
SAR 90.4 mln |
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New shares |
9.04 mln shares |
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Rights Issue Details |
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Number of rights issue shares |
4.52 mln shares |
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Issue price |
SAR 10/share |
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Issue size |
SAR 45.2 mln |
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Record date |
At the end of the second trading day following the extraordinary general assembly meeting |
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Use of proceeds |
To support company’s expansions activities and provide working capital to increase operating capacity and support future activities. |
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Additional Information |
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Financial advisor, lead manager and underwriter |
FALCOM |
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