Logo of Sadr Logistics
Sadr Logistics Co.’s rights subscription period ends today, Dec. 16.
Subscription period started on Dec. 6, to increase the company’s capital from SAR 25 million to SAR 175 million, through a rights issue of 15 million shares at SAR 10 per share.
Rights trading period, which also started on Dec. 6, ended on Dec. 13.
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Capital Hike Highlights |
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Current capital |
SAR 25 mln |
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Number of shares |
2.5 mln |
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Capital hike (%) |
600% |
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Capital after increase |
SAR 175 mln |
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Number of shares after increase |
17.5 mln shares |
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Rights Issue Highlights |
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Number of rights shares |
15 mln |
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Offering price per share |
SAR 10 |
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Size of issue |
SAR 150 mln |
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Eligibility ratio |
Each shareholder shall have the right to six rights for every share held |
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Record date |
Dec. 1, 2021 (Shareholders of record registered with Edaa by the end of the second trading day following the extraordinary general meeting date) |
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Rights trading period |
From Dec. 6-13 |
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Subscription to new shares period |
From Dec. 6-16 |
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Rights issue proceeds |
Investment in logistics (transportation and storage for third parties) |
SAR 128.5 mln |
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Development of operations (machinery, equipment, and fixtures) |
SAR 18.0 mln |
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Issue costs |
SAR 3.5 mln |
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