SIDC compensates rights issue owners for unsubscribed shares

23/12/2025 Argaam
Logo ofSaudi Industrial Development Co. (

Logo of Saudi Industrial Development Co. (SIDC)

Saudi Industrial Development Co. (SIDC) started, on Dec. 23, the distribution of compensation to rights issue owners who did not use their rights to subscribe to new shares, according to a Tadawul statement.

 

The total amount to be distributed stands at approximately SAR 8.9 million.

 

According to Argaam data, SIDC shareholders approved increasing capital by 122.22% through a SAR 165 million rights issue to enable the company to implement its operational plans, support its working capital and enhance its financial position.

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