Edaa finalizes securities addition for SIDC rights issue

07/12/2025 Argaam
SIDC shareholders had approved capital hike by 122.22% through SAR 165 mln rights issue

SIDC shareholders had approved capital hike by 122.22% through SAR 165 mln rights issue

The Securities Depository Center Company (Edaa) announced the addition of the securities related to the rights issue subscription of Saudi Industrial Development Co. (SIDC) into the accounts of eligible shareholders today, Dec.7.

 

According to Argaam data, SIDC shareholders approved increasing capital by 122.22% through a SAR 165 million rights issue to enable the company to implement its operational plans, support its working capital and enhance its financial position.

 

The coverage ratio of the total new shares offered reached 67.15%, with subscriptions totaling 11.08 million shares out of 16.50 million shares, at a value of SAR 110.80 million.

 

The coverage ratio of the remaining offering reached 480%.

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