Saudi Arabian Amiantit Co. rights subscription period ends today, Dec. 17, 2020.
The subscription period started on Dec. 7, to increase the company’s capital from SAR 200 million to SAR 320 million through a rights issue of 12 million shares at SAR 10 per share.
Rights trading period, which also started on Dec. 7, ended on Dec. 14, 2020.
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Key Figures of the Capital Hike |
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Current capital |
SAR 200 mln |
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Number of shares |
20 mln shares |
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Hike (%) |
60% |
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New capital |
SAR 320 mln |
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New shares |
32 mln shares |
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Rights Issue Details |
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Number of rights issue shares |
12 mln shares |
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Issue price |
SAR 10 |
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Issue size |
SAR 120 mln |
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Right issue trading period |
Dec. 7-14, 2020 |
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Subscription period |
Dec. 7-17, 2020 |
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Record date |
Shareholders registered at the Securities Depository Center (Edaa) on the second trading day following the general meeting date. |
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Use of Proceeds |
To finance the working capital, repay the dues of suppliers, and bank payments. |
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