Sadr Logistics’ rights subscription period ends today

Logo of Sadr Logistics

Sadr Logistics Co.’s rights subscription period ends today, Dec. 16.

Subscription period started on Dec. 6, to increase the company’s capital from SAR 25 million to SAR 175 million, through a rights issue of 15 million shares at SAR 10 per share.

Rights trading period, which also started on Dec. 6, ended on Dec. 13.

Capital Hike Highlights
Current capital	SAR 25 mln
Number of shares	2.5 mln
Capital hike (%)	600%
Capital after increase	SAR 175 mln
Number of shares after increase	17.5 mln shares

Rights Issue Highlights
Number of rights shares	15 mln
Offering price per share	SAR 10
Size of issue	SAR 150 mln
Eligibility ratio	Each shareholder shall have the right to six rights for every share held
Record date	Dec. 1, 2021 (Shareholders of record registered with Edaa by the end of the second trading day following the extraordinary general meeting date)
Rights trading period	From Dec. 6-13
Subscription to new shares period	From Dec. 6-16
Rights issue proceeds	Investment in logistics (transportation and storage for third parties)	SAR 128.5 mln
	Development of operations (machinery, equipment, and fixtures)	SAR 18.0 mln
	Issue costs	SAR 3.5 mln

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