AI Summary
SIDC said that the rights’ subscription period will continue until Nov. 24, 2025
The rights trading period of Saudi Industrial Development Co. (SIDC) ends today, Nov. 19, as part of the company’s capital hike from SAR 135 million to SAR 300 million.
The subscription and rights trading period began on Nov. 12, while the subscription period will continue until Nov. 24, 2025.
Rights holders are entitled to subscribe, fully or partially, to the new shares within the limit of the rights held in their portfolios.
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Capital Increase Details |
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Current Capital |
SAR 135 mln |
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No. of Shares |
13.5 mln |
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Percentage of Increase |
122.22% |
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New Capital |
SAR 300 mln |
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New No. of Shares |
30 mln |
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Rights Issue Details |
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Offered Shares |
16.5 mln |
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Offering Price |
SAR 10 |
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Issue Size |
SAR 165 mln |
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Eligibility Ratio |
Each eligible shareholder will have the right to subscribe to 1.222 shares for each share owned |
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Record date |
Nov. 6, 2025 (Shareholders of record registered with Edaa by the end of the second trading day following the EGM) |
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Trading period |
Nov. 12-19, 2025 |
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Subscription period |
Nov. 12-24, 2025 |
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Issue Proceeds (SAR mln) |
Financing working capital |
73.00 |
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Launching the new identity stores “Sleep High” |
40.00 |
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Repaying some credit facilities |
22.00 |
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Automating production lines |
20.00 |
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Implementing the enterprise resource planning (ERP) system |
4.00 |
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Offering expenses |
6.00 |
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Total |
165.00 |
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Additional Information |
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Financial Advisor, Lead Manager & Underwriter |
Alinma Capital |
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