Al Kathiri rights issue closes today

The subscription to Al Kathiri Holding Co.'s rights issue closes today, Monday, Oct. 19, to increase capital from SAR 45.21 million to SAR 90.42 million, the company said in a bourse statement.

The subscription to new shares and the rights trading started on Oct. 12. The rights trading closes today, while the subscription to the new shares ends on Oct. 22.

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.

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

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

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

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.

Comments {{getCommentCount()}}

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

{{comment.DisplayName}}

Related News

Most Read

Market Indices

Quotes

Popular Links

Quick Links

About Us

Join Us

Follow Us