logo of Wafrah for Industry & Development Co.
Wafrah for Industry & Development Co.'s shareholders will vote on increasing capital through SAR 154.3 million rights issue, during an extraordinary general assembly meeting, to be held on June 14, the company said in a bourse filing.
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Capital Hike Details |
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Current Capital |
SAR 77.17 mln |
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Number of Shares |
7.72 mln shares |
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Increase% |
200% |
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New Capital |
SAR 231.51 mln |
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Number of Shares |
23.15 mln shares |
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Rights Issue Details |
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Number of Shares Offered |
15.43 mln shares |
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Offer Price |
SAR 10/share |
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Size of Issue |
SAR 154.3 mln |
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Record Date |
Shareholders owning the shares on the EGM date and registered in the register of shareholders at Edaa by the end of second trading day after record date. |
The company said that the capital increase aims to expand its activities, automate production lines and make the best of its brand spread to cover all areas in the Kingdom. It expects to obtain profits that enable it to achieve its objectives.
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