AI Summary
Logo of Saudi Industrial Development Co. (SIDC)
The rights trading and subscription period for Saudi Industrial Development Co. (SIDC) begins today, Nov. 12, as part of the company’s capital increase process.
The company plans to offer 16.5 million shares at SAR 10 each. The rights trading period will end on Nov. 19, while the subscription window closes on Nov. 24.
The capital hike aims to support SIDC’s operational plans, strengthen working capital, and enhance its financial position. The Capital Market Authority (CMA) approved the company’s request for the rights issue in August, and shareholders endorsed the board’s recommendation to raise capital to SAR 300 million on Nov. 6.
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Capital Increase Details |
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Current Capital |
SAR 135 mln |
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Current No. of Shares |
13.5 mln |
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Percentage of Increase |
122.22% |
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New Capital |
SAR 300 mln |
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New No. of Shares |
30 mln |
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Rights Issue Details |
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Offered Shares |
16.5 mln |
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Offering Price |
SAR 10 |
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Issue Size |
SAR 165 mln |
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Eligibility Ratio |
Each eligible shareholder will have the right to subscribe to 1.222 shares per each owned share. |
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Record Date |
Nov. 6, 2025 (shareholders registered wit Edaa, at the second trading date following the general assembly meeting) |
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Trading Period |
Nov. 12-19 |
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Subscription Period |
Nov. 12-24 |
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Reason for Increase |
Enable the company to implement its operational plans, support its working capital and enhance its financial position. |
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Issue Proceeds |
Financing working capital |
73 |
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Launching the new identity stores “Sleep High” |
40 |
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Repaying some credit facilities |
20 |
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Automating production lines |
20 |
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Implementing the enterprise resource planning (ERP) system |
4 |
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Offering expenses |
6 |
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Total |
165 |
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Additional Information |
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Financial Advisor, Lead Manager & Underwriter |
Alinma Capital |
During the subscription period, registered shareholders may exercise their rights as of the record date, as well as any additional rights acquired during the trading period after settlement (two business days). New investors can also subscribe to shares using rights purchased during the period. Shareholders and investors may choose not to act on their rights.
Any unsubscribed shares at the end of the subscription period will be offered during the remaining offering period.
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