Logo of Al-Omran Industries and Trading Co.
Al-Omran Industries and Trading Co.’s rights trading period ends today, Nov. 21. The subscription to new shares and rights trading started on Nov. 14, to increase the company’s capital from SAR 60 million to SAR 120 million.
The subscription period, however, will continue until Nov. 26.
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 60 mln |
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Current number of shares |
6 mln |
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Capital after increase |
SAR 120 mln |
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Number of shares after increase |
12 mln |
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Capital increase (%) |
100% |
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Rights Issue Details |
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Offered shares |
6 mln |
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Offer price |
SAR 10 |
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Issue size |
SAR 60 mln |
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Rights subscription |
Nov. 14-26, 2023 |
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Rights trading |
Nov. 14-21, 2023 |
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Reason |
Supporting future plans, cutting borrowing rate and developing the company’s plants |
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Record date |
Nov. 8, 2023 |
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Eligibility ratio |
Each shareholder will be granted one right for every share held |
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Rights issue proceeds |
Construction costs to build a new factory and transfer the existing machinery and equipment in the refrigeration, shelves, and air conditioning plant |
SAR 28 mln |
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Costs of purchasing new machinery and equipment |
SAR 11 mln |
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Factory workers’ accommodation costs |
SAR 2 mln |
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Repayment of bank loans |
SAR 14 mln |
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Purchase of cars |
SAR 2 mln |
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Offering fees |
SAR 3 mln |
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Total |
SAR 60 mln |
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