Subscription period for Savola’s rights shares ends today

Logo of Savola Group

Savola Group’s rights subscription period ends today, Sept. 10.

The subscription period started on Aug. 29, to increase the company’s capital by 112.36% from SAR 5.34 billion to SAR 11.34 billion, by offering 600 million ordinary shares at SAR 10 apiece, through right issue worth SAR 6 billion.

For More IPOs

The rights trading period ended on Sept.5.

Capital Increase Details
Current Capital	SAR 5.33 bln
Number of Shares	533.98 mln
New Capital	SAR 11.33 bln
Number of Shares	1.13 bln
Percentage of Capital Increase	112.36%

Rights Issue Details
Offered Shares	600 mln
Offer Price	SAR 10
Issue Size	SAR 6 bln
Eligibility Ratio	1.1236 shares per each existing share
Record Date	Aug. 25, 2024 (Shareholders of record who are registered with Edaa by the end of the second trading day following the EGM)
Trading Period	Aug. 29 – Sept. 5, 2024
Subscription Period	Aug. 29 – Sept. 10, 2024
Rights Issue Proceeds (SAR mln)	Repayment of long-term loans	3797
	Repayment of short-term loans	2152
	Payment of the offering costs	51
	Total	6000

Additional Information
Financial Advisor	Riyad Capital
Lead Manager, and Underwriter	Riyad Capital- ANB Capital

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