Logo of Thimar Development Holding Co.
Thimar Development Holding Co. announced in its updated prospectus that subscription to new shares and rights trading will begin on Oct. 12 to increase capital through a SAR 150 million rights offering.
Rights trading will end on Oct. 19, while subscription to the new shares will close on Oct. 24.
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Capital Increase Details |
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Current capital |
SAR 100 mln |
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Number of shares |
10 mln |
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Capital increase (%) |
150% |
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Capital after increase |
SAR 250 mln |
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Number of shares after increase |
25 mln |
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Rights Issue Details |
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Offered Shares |
15 mln |
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Offer Price |
SAR 10 |
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Issue Size |
SAR 150 mln |
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Eligibility ratio |
Each shareholder will be granted 1.5 rights for every share held |
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Rights Issue Proceeds |
Payment of liabilities |
SAR 58.52 mln |
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Real estate investment |
SAR 47.00 mln |
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Working capital |
SAR 10.32 mln |
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Repayment of dues under judicial rulings. |
2.44 mln |
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Settlement of other outstanding expenses |
13.25 mln |
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Offering fees and costs |
SAR 18.47 mln |
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Total |
SAR 150.00 mln |
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Additional details |
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Financial Advisor and Underwriter |
Wasatah Capital |
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Lead Manager |
Al Nefaie Investment Group |
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