AI Summary
Logo of Savola Group
Savola Group’s rights subscription period ends today, Sept. 10.
The subscription period started on Aug. 29, to increase the company’s capital by 112.36% from SAR 5.34 billion to SAR 11.34 billion, by offering 600 million ordinary shares at SAR 10 apiece, through right issue worth SAR 6 billion.
The rights trading period ended on Sept.5.
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Capital Increase Details |
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Current Capital |
SAR 5.33 bln |
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Number of Shares |
533.98 mln |
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New Capital |
SAR 11.33 bln |
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Number of Shares |
1.13 bln |
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Percentage of Capital Increase |
112.36% |
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Rights Issue Details |
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Offered Shares |
600 mln |
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Offer Price |
SAR 10 |
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Issue Size |
SAR 6 bln |
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Eligibility Ratio |
1.1236 shares per each existing share |
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Record Date |
Aug. 25, 2024 (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 |
Aug. 29 – Sept. 5, 2024 |
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Subscription Period |
Aug. 29 – Sept. 10, 2024 |
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Rights Issue Proceeds (SAR mln) |
Repayment of long-term loans |
3797 |
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Repayment of short-term loans |
2152 |
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Payment of the offering costs |
51 |
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Total |
6000 |
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Additional Information |
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Financial Advisor |
Riyad Capital |
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Lead Manager, and Underwriter |
Riyad Capital- ANB Capital |
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