Logo of Saudi Real Estate Co. (Al Akaria)
Saudi Real Estate Co.’s (Al Akaria) rights trading period ends today, June 6.
Rights trading period started on May 30, to increase the company’s capital from SAR 2.4 billion to SAR 3.75 billion.
Subscription period, which also started on May 30, will continue until June 9.
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.
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Capital Increase Details |
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Current capital |
SAR 2.4 bln |
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Number of shares |
240 mln |
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Capital increase (%) |
56.25% |
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Capital after increase |
SAR 3.75 bln |
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Number of shares after increase |
375 mln |
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Rights Issue Details |
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Number of shares offered |
135 mln |
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Offer price |
SAR 11.80 |
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Size of issue |
SAR 1.593 bln |
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Eligibility ratio |
Each shareholder of record will be granted 0.5625 rights for every share owned |
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Record date |
May 18, 2022, Each shareholder registered with the Securities Depository Center (Edaa) by the close of trading on the second trading day after the extraordinary general meeting. |
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Rights issue proceeds |
Financing and implementing the company's plans and future projects, and expanding its various activities, in addition to paying off part of the credit facilities. |
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