Saudi Fisheries Co. (Alasmak) issued prospectus for its SAR 298.8 million rights issue, the company said in a bourse filing.

 

Alasmak set the offering price at SAR 10 a share, to increase capital from SAR 101.1 million to SAR 400 million, through floating 29.89 million shares.

  

The rights issue proceeds net of offering fees and costs will be used for rehabilitation of projects, payment of incorporation fees and working capital, as well as debt repayment.

 

Alasmak shareholders will discuss on March 5 the board’s recommendation to increase capital, following the approval of the Capital Market Authority (CMA), Argaam reported.

 

Capital Hike Details

Current Capital

SAR 101.1 mln

Current number of shares

10.1 mln

Capital hike percentage

295.7%

Post-increase capital

SAR 400 million

Post-increase number of shares

40 mln

 

 

 

Rights Issue Details

Number of right shares

29.89 million shares

Offering price per share

SAR 10

Size of issue

SAR 298.9 mln

Record date

The second day after the extraordinary general meeting day

Rights issue proceeds

Rehabilitation of projects, payment of incorporation fees and working capital, and debt repayment.

 

 

Additional Details

Financial advisor and underwriter

Falcom Financial Services

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request