Tabuk Agriculture Development Company announced the prospectus of its SAR 250m capital raise through a rights issue.
The eligibility will be to shareholders registered at the general assembly meeting’s day which is expected to be held on December 16; the company said in a filing to Tadawul.
According to Argaam; the Capital Market Authority approved, in September, SAR 250m capital raise of Tabuk agriculture through a rights issue.
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Capital raise details |
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SAR 200 mln |
Current Capital |
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20 million |
Current number of shares |
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Not determined yet |
Percentage of the raise (%) |
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Not determined yet |
Resulting capital |
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The rights issue |
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Not determined yet |
Number of new shares |
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Not determined yet |
IPO Price per share |
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SAR 250 million |
IPO Size |
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Dec. 16 |
Record date |
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Not determined yet |
Price of additional shares |
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Use of proceeds |
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Other details |
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Falcom |
Financial advisor, lead manager and lead underwriter |
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Falcom, NCB, RIBL, Saudi Fransi, Arab National, Al Rajhi and SAMBA. |
Receiving Banks |
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