SIDC begins rights trading, subscription for capital hike

Logo of Saudi Industrial Development Co. (SIDC)

The rights trading and subscription period for Saudi Industrial Development Co. (SIDC) begins today, Nov. 12, as part of the company’s capital increase process.

 

The company plans to offer 16.5 million shares at SAR 10 each. The rights trading period will end on Nov. 19, while the subscription window closes on Nov. 24.

 

The capital hike aims to support SIDC’s operational plans, strengthen working capital, and enhance its financial position. The Capital Market Authority (CMA) approved the company’s request for the rights issue in August, and shareholders endorsed the board’s recommendation to raise capital to SAR 300 million on Nov. 6.

 

Capital Increase Details

Current Capital

SAR 135 mln

Current 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 per each owned share.

Record Date

Nov. 6, 2025 (shareholders registered wit Edaa, at the second trading date following the general assembly meeting)

Trading Period

Nov. 12-19

Subscription Period

Nov. 12-24

Reason for Increase

Enable the company to implement its operational plans, support its working capital and enhance its financial position.

Issue Proceeds

Financing working capital

73

Launching the new identity stores “Sleep High”

40

Repaying some credit facilities

20

Automating production lines

20

Implementing the enterprise resource planning (ERP) system

4

Offering expenses

6

Total

165
 

Additional Information

Financial Advisor, Lead Manager & Underwriter​

Alinma Capital
 

During the subscription period, registered shareholders may exercise their rights as of the record date, as well as any additional rights acquired during the trading period after settlement (two business days). New investors can also subscribe to shares using rights purchased during the period. Shareholders and investors may choose not to act on their rights.

 

Any unsubscribed shares at the end of the subscription period will be offered during the remaining offering period.

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