SIECO rights subscription period ends today

02/06/2022 Argaam Special

Logo of Saudi Industrial Export Co. (SIECO)

Saudi Industrial Export Co.’s (SIECO) rights subscription period ends today, June 2.

 

Subscription period started on May 23 to increase the company’s capital from SAR 21.6 million to SAR 194.4 million, through a rights issue of 17.28 million shares at SAR 10 per share at a total of SAR 172.8 million.

 

Rights trading period, which also started on May 23, ended on May 30.

 

Capital Increase Details

Current capital

SAR 21.60 mln

Number of shares

2.16 mln

Capital increase (%)

800%

Capital after increase

SAR 194.4 mln

Number of shares after increase

19.44 mln
 

Rights Issue Details

Number of shares offered

17.28 mln 

Offer price

SAR 10

Size of issue

SAR 172.80 mln

Eligibility ratio

Eight rights for every share owned

Record date

May 11, 2022

Rights issue proceeds

Logistics operations

SAR 67.48 mln

Geographic Expansion

SAR 43.39 mln

Funding supply contracts

SAR 42.52 mln

Digitization

SAR 14.41 mln

Offering fees

SAR 5 mln
 

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