A branch of Raydan Food
Subscription to Raydan Food Co.’s rights issue, which started on Aug. 9, will end today, Aug. 19, according to a bourse filing.
According to data compiled by Argaam, shareholders of Raydan Food approved, during a meeting held on July 13, increasing the company's capital - by SAR 112.5 million rights issue - to SAR 337.5 million from SAR 225 million.
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Capital Hike Details |
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Capital |
SAR 225 mln |
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Number of shares |
22.50 mln |
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Capital hike percentage |
50% |
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Capital after increase |
SAR 337.5 mln |
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Number of shares after increase |
33.75 mln |
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Rights Issue Details |
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Number of shares offered |
11.25 mln |
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Offering price per share |
SAR 10 |
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Issue size |
SAR 112.5 mln |
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Rights trading period Subscription period |
Aug. 9-16, 2021 Aug. 9-19, 2021 |
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Record date |
July 13, 2021 |
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Rights issue proceeds |
Completion of Al-Zaydi project |
SAR 4 mln |
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Completion of Al Madinah project |
SAR 4.5 mln |
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Construction of the new university branch |
SAR 4 mln |
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Application of the new identity |
SAR 15 mln |
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Establishment of new branches |
SAR 10 mln |
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Factory and service centers |
SAR 20 mln |
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Repayment of loans |
SAR 10 mln |
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Investment amounts |
SAR 9.35 mln |
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Working capital |
SAR 30.72 mln |
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Offering costs |
SAR 4.93 mln |
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