Logo of SABIC Agri-Nutrients
The Securities Depository Center Co. (Edaa) implemented the securities quantity increase for SABIC Agri-Nutrients Co. into the accounts of eligible shareholders today, Jan. 4.
In November 2020, Saudi Arabian Fertilizer Co. (SAFCO) shareholders approved a 14.25% capital increase to SAR 4.76 billion from SAR 4.17 billion during the extraordinary general meeting.
On Jan. 3, 2021, the company announced changing its name to SABIC Agri-Nutrients Co.
|
Acquisition Details |
|
|
Target company |
SANIC |
|
Buyer |
SAFCO |
|
Seller |
SABIC |
|
Acquisition percentage |
100% |
|
Current Capital |
SAR 4.17 bln |
|
Number of shares |
416.67 mln |
|
Increase |
SAR 593.69 mln |
|
Hike (%) |
14.25% |
|
New Capital |
SAR 4.76 bln |
|
New number of shares |
476.04 mln |
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