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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