Saudi Arabian Mining Company (Maaden) issued the prospectus of its SAR 5.6 billion (capital increase) rights issue.
In September, the company announced plan to increase its capital to finance its investments at Maaden Waad Al Shamal Phosphate Co. and its aluminum output operations.
An extraordinary general assembly is due on November 13. Only the investors registered on the general assembly’s date will be eligible for subscription.
Capital increase details
SAR 9.250 mln
Current number of shares
Percentage of the increase (%)
The rights issue
Number of new shares
Price per share (new)
SAR 5.6 billion
Size of issue
Use of proceeds
HSBC & GIB Capital
Aljazira Capital, GIB Capital & HSBC
Alinma, Al Rajhi, Al Bilad, Arab National, BJAZ, Saudi Fransi, RIBL, SAMBA, Saudi Hollandi Bank, NCB, SABB & SIBC
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