Al Kathiri Holding Co.'s subscription to new shares and the rights trading begins today, Oct. 12, 2020 to increase capital from SAR 45.21 million to SAR 90.42 million, the company said in a bourse statement on Monday.

 

Rights trading will end on Oct. 19, while subscription to the new shares will close on Oct. 22.

 

Al Kathiri is offering 4.52 million shares at SAR 10 each. Every registered shareholder is eligible for 1 right for every share held.

 

Details of Capital Hike

Current Capital

SAR 45.21 mln

Number of shares

4.52 mln

Increase (%)

100%

New Capital

SAR 90.42 mln

New Shares

9.04 mln shares

Key Figures of the Rights Issue

Number of right shares

4.52 mln

Offering price

SAR 10

Offering size

SAR 45.21 mln

Record date

Oct. 5 (shareholders of record at Edaa by the close of trading on the second day following this date)

Eligibility ratio

1 right for every 1 share held

Beginning of rights trading period and new shares subscription

Oct. 12

End of rights trading period

Oct. 19

End of new shares subscription period

Oct. 22

Use of rights issue proceeds

Support the company’s expansions and working capital, to help the company boost its operating capacity and future activity.

Additional Information

Financial Advisor, lead manager and underwriter

Falcom Financial Services

 

Rights holders are entitled to subscribe to the new shares partially or fully pro rata. The remaining shares and share fractions (if any) will be reoffered to institutional investors.

 

In case of under subscription, Falcom Financial Services will subscribe to these rights.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Tadawul announces start of Al Kathiri’s rights trading from tomorrow

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request