A branch of Raydan Food Co.
Raydan Food Co.’s rights trading period ends today, Aug. 16.
Rights trading started on Aug. 9, to increase the company’s capital from SAR 225 million to SAR 337.5 million, through a rights issue of 11.25 million shares at SAR 10 per share.
Rights issue subscription period, which also started on Aug. 9, will end on Aug. 19.
Rights holders are entitled to subscribe to the new shares partially or fully pro rata.
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Key Figures of the Capital Increase via Rights Issue |
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Capital |
SAR 225 mln |
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Number of shares |
22.50 mln |
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Capital hike percentage |
50% |
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Capital after increase |
SAR 337.5 mln |
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Number of shares after increase |
33.75 mln |
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Key Figures of Rights Issue |
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Number of shares offered |
11.25 mln |
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Offering price per share |
SAR 10 |
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Issue size |
SAR 112.5 mln |
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Rights trading period Subscription period |
Aug. 9-16, 2021 Aug. 9-19, 2021 |
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Record date |
July 13, 2021 (Shareholders registered in the company’s shareholders registry upon deposit at the end of the second trading day following the general assembly meeting date.) |
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Rights issue proceeds |
Completion of Al-Zaydi project |
SAR 4 mln |
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Completion of Al Madinah project |
SAR 4.5 mln |
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Construction of the new university branch |
SAR 4 mln |
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Application of the new identity |
SAR 15 mln |
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Establishment of new branches |
SAR 10 mln |
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Factory and service centers |
SAR 20 mln |
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Repayment of loans |
SAR 10 mln |
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Investment amounts |
SAR 9.35 mln |
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Working capital |
SAR 30.72 mln |
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Offering costs |
SAR 4.93 mln |
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