Al-Baha rights subscription period ends today

Logo of Al-Baha Investment and Development Co.

Al-Baha Investment and Development Co.’s rights subscription period ends today, March 10.

Subscription period started on Feb. 28 to increase the company’s capital from SAR 177 million to SAR 297 million, through a rights issue of 12 million shares at SAR 10 per share.

Rights trading period, which also started on Feb. 28, ended on March 7.

Capital Increase Details
Current capital	SAR 177 mln
Number of shares	17.7 mln
Capital increase %	67.79%
Capital after increase	SAR 297 mln
Number of shares after increase	29.7 mln

Rights Issue Details
Number of shares offered	12 mln
Offering price per share	SAR 10
Size of issue	SAR 120 mln
Eligibility coefficient	Nearly 0.68 right for every share held
Record date	Feb. 21, 2022 (Shareholders of record by the close of trading on the second day following the EGM date
Rights trading period	Feb. 28-March 7
Subscription period	Feb. 28-March 10
Rights issue proceeds	Investment in diversified income generating assets	SAR 90.43 mln
	Payment of dues to the Zakat, Tax and Customs Authority	SAR 14.85 mln
	Payment of deposits of auction shares under settlement	SAR 10.72 mln
	Payment of the offering fees and costs	SAR 4.00 mln

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