AI Summary
SIDC’s rights issue subscription period began on Nov. 12
The subscription period of Saudi Industrial Development Co.’s (SIDC) rights issue ends today, Nov. 24.
The subscription period began on Nov. 12, through the offering of 16.5 million shares at a price of SAR 10 per share via a rights issue valued at SAR 165 million.
SIDC’s rights trading period ended on Nov. 19.
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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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