Logo of Alkhaleej Training and Education Co.
Alkhaleej Training and Education Co.’s rights subscription period ends today, Nov. 18.
Subscription period started on Nov. 8, to increase the company’s capital from SAR 450 million to SAR 650 million, through a rights issue of 20 million shares at SAR 10 per share.
Rights trading period, which also started on Nov. 8, ended on Nov. 15.
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Details of Capital Increase |
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Current capital |
SAR 450 mln |
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Number of shares |
45 mln |
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Capital increase (%) |
44.4% |
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Capital after increase |
SAR 650 mln |
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Number of shares after increase |
65 mln |
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Rights Issue Details |
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Number of shares offered |
20 mln |
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Offering price |
SAR 10 |
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Issue size |
SAR 200 mln |
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Rights trading period |
Nov. 8-15 |
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Subscription period |
Nov. 8-18 |
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Record date |
Shareholders owning shares at the end of trading on EGM date and those registered in the shareholders’ register on the second trading day following the EGM date |
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Rights issue proceeds |
Expansion in the education sector through the acquisition of schools |
SAR 96 mln |
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Partial repayment of short-term facilities |
SAR 100 mln |
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Offering costs |
SAR 4 mln |
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