Logo of AYYAN Investment Co.
AYYAN Investment Co.’s rights trading period to raise the company’s capital to SAR 1 billion from SAR 806.36 million closes today, July 21. The rights trading process started on July 14.
Meanwhile, subscription to new shares will end on July 24.
Rights holders can wholly or partially subscribe to the new shares up to the number of rights available in their portfolios.
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Capital Increase Details |
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Current Capital |
SAR 806.36 mln |
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Number of Shares |
80.64 mln |
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New Capital |
SAR 1.006 bln |
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Number of Shares |
100.64 mln |
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Percentage of Capital Increase |
24.80% |
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Rights Issue Details |
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Offered Shares |
20 mln |
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Offer Price |
SAR 10 |
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Issue Size |
SAR 200 mln |
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Eligibility Ratio |
Each shareholder is entitled to subscribe to 0.2480 rights per every share held |
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Record date |
July 8 (Shareholders of record who are registered with Edaa by the end of the second trading day following the EGM) |
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Trading period |
July 14-21, 2024 |
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Subscription period |
July 14-24, 2024 |
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Offering Proceeds (SAR mln) |
Purchase of medical devices and equipment for Al-Salam Hospital, affiliated with Al-Salam Medical Services Co. (a subsidiary) |
20.0 |
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Payment to suppliers of subsidiary companies (Al Ahsa Medical Services and Al-Salam Medical Services) |
61.1 |
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Payment of outstanding obligations to financial entities by its subsidiary Al-Salam Medical Services |
45 |
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Payment of operational expenses for its subsidiary Al-Salam Medical Services |
67.9 |
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Offering costs |
6.0 |
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Total |
200 |
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Financial advisor, lead manager and underwriter |
Alinma Investment |
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