SIDC rights trading ends today

SIDC said that the rights’ subscription period will continue until Nov. 24, 2025

The rights trading period of Saudi Industrial Development Co. (SIDC) ends today, Nov. 19, as part of the company’s capital hike from SAR 135 million to SAR 300 million.

 

The subscription and rights trading period began on Nov. 12, while the subscription period will continue until Nov. 24, 2025.

 

Rights holders are entitled to subscribe, fully or partially, to the new shares within the limit of the rights held in their portfolios.

 

Capital Increase Details

Current Capital

SAR 135 mln

No. of Shares

13.5 mln

Percentage of Increase

122.22%

New Capital

SAR 300 mln

New No. of Shares

30 mln
 

Rights Issue Details

Offered Shares

16.5 mln

Offering Price

SAR 10

Issue Size

SAR 165 mln

Eligibility Ratio

Each eligible shareholder will have the right to subscribe to 1.222 shares for each share owned

Record date

Nov. 6, 2025 (Shareholders of record registered with Edaa by the end of the second trading day following the EGM)

Trading period

Nov. 12-19, 2025

Subscription period

Nov. 12-24, 2025

 

Issue Proceeds (SAR mln)

Financing working capital

73.00

Launching the new identity stores “Sleep High”

40.00

Repaying some credit facilities

22.00

Automating production lines

20.00

Implementing the enterprise resource planning (ERP) system

4.00

Offering expenses 

6.00

Total

165.00
 

Additional Information

Financial Advisor, Lead Manager & Underwriter​

Alinma Capital
 

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