Logo of Al-Baha Investment and Development Co.
Al-Baha Investment and Development Co.’s rights trading period ends today, March 7.
Rights trading period started on Feb. 28, to increase the company’s capital from SAR 177 million to SAR 297 million.
Subscription period, which also started on Feb. 28, will continue until March 10.
Rights issue holders are allowed to exercise their right to subscribe to new shares (in full or in part) up to the number of shares available in their portfolios.
|
Capital Increase Details |
|
|
Current capital |
SAR 177 mln |
|
Number of shares |
17.7 mln |
|
Capital increase % |
67.79% |
|
Capital after increase |
SAR 297 mln |
|
Number of shares after increase |
29.7 mln |
|
Rights Issue Details |
||
|
Number of shares offered |
12 mln |
|
|
Offering price per share |
SAR 10 |
|
|
Size of issue |
SAR 120 mln |
|
|
Eligibility coefficient |
Nearly 0.68 right for every share held |
|
|
Record date |
Feb. 21, 2022 (Shareholders of record by the close of trading on the second day following the EGM date |
|
|
Rights trading period |
Feb. 28-March 7 |
|
|
Subscription period |
Feb. 28-March 10 |
|
|
Rights issue proceeds |
Investment in diversified income generating assets |
SAR 90.43 mln |
|
Payment of dues to the Zakat, Tax and Customs Authority |
SAR 14.85 mln |
|
|
Payment of deposits of auction shares under settlement |
SAR 10.72 mln |
|
|
Payment of the offering fees and costs |
SAR 4.00 mln |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}