Tabuk Agriculture Development Company announced the prospectus of its SAR 250m capital raise through a rights issue.
 

The eligibility will be to shareholders registered at the general assembly meeting’s day which is expected to be held on December 16; the company said in a filing to Tadawul.
 

According to Argaam; the Capital Market Authority approved, in September, SAR 250m capital raise of Tabuk agriculture through a rights issue.
 

Capital raise details

SAR 200 mln

Current Capital

20 million

Current number of shares

Not determined yet

Percentage of the raise (%)

Not determined yet

Resulting capital

The rights issue

Not determined yet

Number of new shares

Not determined yet

IPO Price per share

SAR 250 million

IPO Size

Dec. 16

Record date

Not determined yet

Price of additional shares

 

  1. Financing number of projects and investments inside the Kingdom and abroad.

 

  1. IPO expenses are SAR 16 million.

Use of proceeds

Other details

Falcom

Financial advisor, lead manager and lead underwriter

Falcom, NCB, RIBL, Saudi Fransi, Arab National, Al Rajhi and SAMBA.

Receiving Banks
 

 

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