Logo of Takween Advanced Industries Co.
Subscription to the rights issue of Takween Advanced Industries Co. ends today, March 3.
The subscription period began on Feb. 19, to increase the company's capital from SAR 464.65 million to SAR 764.65 million by issuing 30 million shares at SAR 10 each.
The rights trading ended on Feb. 27.
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Capital Increase Details |
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Current Capital |
SAR 464.65 mln |
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No. of Shares |
46.46 mln |
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New Capital |
SAR 764.65 mln |
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New No. of Shares |
76.46 mln |
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Percentage of Increase |
64.75% |
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Rights Issue Details |
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Offered Shares |
30 mln |
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Offer Price |
SAR 10/share |
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Issue Size |
SAR 300 mln |
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Eligibility Ratio |
0.6456 right for every share held |
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Rights Issue Proceeds (SAR) |
Purchase of new assets to develop existing production lines |
90 (mln) |
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Purchase of new assets to introduce new products |
60 (mln) |
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Repayment of loans |
75 (mln) |
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Financing working capital |
49.8 (mln) |
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Offering costs |
25.2 (mln) |
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Total |
300 (mln) |
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Additional Information |
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Financial Advisor and Underwriter |
Wasatah Capital |
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Lead Manager |
Al-Nefaie Investment |
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