The subscription to Al Kathiri Holding Co.'s rights issue closes today, Monday, Oct. 19, to increase capital from SAR 45.21 million to SAR 90.42 million, the company said in a bourse statement.
The subscription to new shares and the rights trading started on Oct. 12. The rights trading closes today, while the subscription to the new shares ends on Oct. 22.
Rights holders are entitled to subscribe to the new shares partially or fully pro rata. The remaining shares and share fractions (if any) will be reoffered to institutional investors.
Details of Capital Hike
SAR 45.21 mln
Number of shares
SAR 90.42 mln
9.04 mln shares
Key Figures of the Rights Issue
Number of right shares
Oct. 5 (shareholders of record at Edaa by the close of trading on the second day following this date)
1 right for every 1 share held
Beginning of rights trading period and new shares subscription
End of rights trading period
End of new shares subscription period
Use of rights issue proceeds
Support the company’s expansions and working capital, to help the company boost its operating capacity and future activity.
Financial Advisor, lead manager and underwriter
Falcom Financial Services
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