A branch of Raydan Food

Subscription to Raydan Food Co.’s rights issue, which started on Aug. 9, will end today, Aug. 19, according to a bourse filing.

 

According to data compiled by Argaam, shareholders of Raydan Food approved, during a meeting held on July 13, increasing the company's capital - by SAR 112.5 million rights issue - to SAR 337.5 million from SAR 225 million.

 

Capital Hike Details

Capital

SAR 225 mln

Number of shares

22.50 mln

Capital hike percentage

50%

Capital after increase

SAR 337.5 mln

Number of shares after increase

33.75 mln
 

 

Rights Issue Details

Number of shares offered

11.25 mln

Offering price per share

SAR 10

Issue size

SAR 112.5 mln

Rights trading period 

Subscription period

         Aug. 9-16, 2021

Aug. 9-19, 2021

Record date

July 13, 2021

Rights issue proceeds

Completion of Al-Zaydi project

SAR 4 mln

Completion of Al Madinah project

SAR 4.5 mln

Construction of the new university branch

SAR 4 mln

Application of the new identity

SAR 15 mln

Establishment of new branches

SAR 10 mln

Factory and service centers

SAR 20 mln

Repayment of loans

SAR 10 mln

Investment amounts

SAR 9.35 mln

Working capital

SAR 30.72 mln

Offering costs

SAR 4.93 mln
 

 

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