SIDC rump offering 480% oversubscribed

Logo of Saudi Industrial Development Co. (SIDC)

Saudi Industrial Development Co. (SIDC) announced the results of the rump offering and allocation of rights issue shares, with the rump tranche oversubscribed by 479.65% at the end of the subscription period.

 

Rump Offering Coverage Details

Number of Sold Shares 

5.42 mln

Total Rump Offering Proceeds         

SAR 63.13 mln

Coverage Ratio

479.65%

Fractional Shares

36,841 shares

Average Price      

SAR 11.65

Net Compensation for Holders of Rights & Fractional Shares

SAR 8.92 mln
 

The company will receive the aggregate offer price collected from the rump offering, while the proceeds exceeding the offer price, if any, will be distributed to those entitled no later than Dec. 23, 2025.

 

According to Argaam’s data, SIDC announced recently the results of the rights issue trading and new shares subscription, as well as the details of the rump offering. The number of subscribed shares amounted to 11.08 million, out of nearly 16.5 million offered shares, with a coverage ratio of 67.2%.

 

The rights issue is aimed at raising the company’s capital from SAR 135 million (13.5 million shares) to SAR 300 million (30 million shares).

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request