Alhokair Group’s rights trading period ends today

Logo of Abdulmohsen Alhokair Group for Tourism and Development

Abdulmohsen Alhokair Group for Tourism and Development’s (Alhokair Group) rights trading period ends today, Aug. 2.

Rights trading started on July 26, to increase the company’s capital from SAR 343 million to SAR 650 million, through a rights issue of 30.7 million shares at SAR 10 per share.

Rights issue subscription period, which also started on July 26, will end on Aug. 5.

Rights holders are entitled to subscribe to the new shares partially or fully pro rata. The remaining shares will be reoffered to institutional investors.

Key Figures of the Capital Increase via Rights Issue
Capital Before Increase	SAR 343 mln
Number of Shares	34.3 mln
Increase (%)	89.5%
New Capital	SAR 650 mln
New Number of Shares	65 mln

Key Figures of Rights Issue
Number of Offered Shares	30.7 mln
Offering Price	SAR 10
Issue Size	SAR 307 mln
Rights trading period	From July 26 to Aug. 2
Subscription period	From July 26 to Aug. 5
Use of proceeds	Repayment of bank loans	SAR 80 mln
	Renovation of a number of hotels as well as entertainment and commercial facilities	SAR 110 mln
	Financing cinema screens and sports centers (SAR 45 million)	SAR 45 mln
	Financing working capital (SAR 66.2 million)	SAR 66.2 mln
	Offering costs	SAR 5.8 mln
	Total	SAR 307 mln

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