AI Summary
The subscription to Al Kathiri Holding Co.'s rights issue closes today, Thursday, Oct. 22, to increase capital from SAR 45.21 million to SAR 90.42 million, the company said in a bourse statement.
Subscription started on Oct. 12, as 4.52 million shares were offered at SAR 10 each at a total value of SAR 45.21 million. Rights trading period ended on Oct. 19.
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Details of Capital Hike |
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Current Capital |
SAR 45.21 mln |
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Number of shares |
4.52 mln |
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Increase (%) |
100% |
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New Capital |
SAR 90.42 mln |
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New Shares |
9.04 mln shares |
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Key Figures of the Rights Issue |
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Number of rights shares |
4.52 mln |
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Offering price |
SAR 10 |
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Offering size |
SAR 45.21 mln |
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Record date |
Oct. 5 (shareholders of record at Edaa by the close of trading on the second day following this date) |
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Eligibility ratio |
1 right for every 1 share held |
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Beginning of rights trading period and new shares subscription |
Oct. 12 |
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End of rights trading period |
Oct. 19 |
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End of new shares subscription period |
Oct. 22 |
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Use of rights issue proceeds |
Support the company’s expansions as well as working capital, to help the company boost its operating capacity and future activity. |
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Additional Information |
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Financial Advisor, Lead Manager and Underwriter |
Falcom Financial Services |
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