Logo of Ash-Sharqiyah Development
Ash-Sharqiyah Development rights trading period ends today, May 18.
Rights trading period started on May 11, to increase the company’s capital from SAR 75 million to SAR 300 million.
Subscription period, which also started on May 11, will continue until May 23.
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 75 mln |
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Number of Shares |
7.5 mln |
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Capital Increase % |
300% |
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Capital After Increase |
SAR 300 mln |
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Number of Shares After Increase |
30 mln |
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Rights Issue Details |
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Offered Shares |
22.5 mln |
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Offer Price |
SAR 10 |
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Issue Size |
SAR 225 mln |
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Subscription Period |
May 11-23, 2023 |
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Rights Trading Period |
May 11-18, 2023 |
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Eligibility |
Each listed shareholder shall have the right to subscribe to three shares per share owned |
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Record Date |
Shareholders of record on May 7, 2023, and those registered with the Securities Depository Center Company by the end of the second trading day after the general meeting date |
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Rights Issue Proceeds |
Expansion of poultry business |
SAR 177.3 mln |
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Payment of liabilities |
SAR 29 mln |
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Working capital |
SAR 15 mln |
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Offering fees and costs |
SAR 3.7 mln |
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Total |
SAR 225.0 mln |
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