Subscription to SIDC’s rights issue closes today

SIDC’s rights issue subscription period began on Nov. 12

The subscription period of Saudi Industrial Development Co.’s (SIDC) rights issue ends today, Nov. 24.

 

 The subscription period began on Nov. 12, through the offering of 16.5 million shares at a price of SAR 10 per share via a rights issue valued at SAR 165 million.

 

SIDC’s rights trading period ended on Nov. 19.

 

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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