The subscription to Al Kathiri Holding Co.'s rights issue closes today, Thursday, Oct. 22, to increase capital from SAR 45.21 million to SAR 90.42 million, the company said in a bourse statement.
Subscription started on Oct. 12, as 4.52 million shares were offered at SAR 10 each at a total value of SAR 45.21 million. Rights trading period ended on Oct. 19.
|
Details of Capital Hike |
||
|
Current Capital |
SAR 45.21 mln |
|
|
Number of shares |
4.52 mln |
|
|
Increase (%) |
100% |
|
|
New Capital |
SAR 90.42 mln |
|
|
New Shares |
9.04 mln shares |
|
|
Key Figures of the Rights Issue |
||
|
Number of rights shares |
4.52 mln |
|
|
Offering price |
SAR 10 |
|
|
Offering size |
SAR 45.21 mln |
|
|
Record date |
Oct. 5 (shareholders of record at Edaa by the close of trading on the second day following this date) |
|
|
Eligibility ratio |
1 right for every 1 share held |
|
|
Beginning of rights trading period and new shares subscription |
Oct. 12 |
|
|
End of rights trading period |
Oct. 19 |
|
|
End of new shares subscription period |
Oct. 22 |
|
|
Use of rights issue proceeds |
Support the company’s expansions as well as working capital, to help the company boost its operating capacity and future activity. |
|
|
Additional Information |
||
|
Financial Advisor, Lead Manager and Underwriter |
Falcom Financial Services |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}