Mobile Telecommunication Company Saudi Arabia’s (Zain Saudi) subscription to new shares will close today, Oct. 29, 2020.

 

Subscription period began on Oct. 19, 2020, as the telco issued 450 million shares at SAR 10 each to increase its capital from SAR 4.48 billion to SAR 8.98 billion.

 

 Rights trading ended on Oct. 26.

 

The following table illustrates the capital hike details:

 

Capital Hike Details

Current Capital

SAR 4.48 bln

Number of shares

448.7 mln shares

Increase percentage

100.28%

New Capital

SAR 8.98 bln

Number of shares after increase

898.7 mln shares

Rights Issue Details

Number of rights shares

450 million shares

Offering price per share

SAR 10

Size of issue

SAR 4.50 bln

Record date

Oct. 14, 2020 (Shareholders of record at the Securities Depository Center Co. (Edaa) on Oct. 18, 2020)

Eligibility

1.003 rights for every 1 share held

Date of rights trading and subscription

Oct. 19, 2020

End date of rights trading

Oct. 26, 2020

End date of subscription

Oct. 29, 2020

Reason

- Partial repayment of SAR 1.67 bln worth of dues owed to Kuwait’s Zain Group

- Partial repayment of Murabaha facilities at SAR 2.77 bln

- Subscription fees at SAR 65 mln

 

Additional Details

Financial advisor and underwriter

Saudi Fransi Capital, ANB Invest, Al Rajhi Capital

Lead manager

Saudi Fransi Capital

Underwriters

Saudi Fransi Capital, ANB Invest, Al Rajhi Capital, Aljazira Capital, Riyad Capital, Alinma Investment

 

 

For More IPOs

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.

Related News

Zain Saudi starts rights trading, subscription today
Tadawul announces start of Zain Saudi’s rights trading from tomorrow

Popular Links

Quick Links

Join Us

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