Abdulmohsen Alhokair Group for Tourism and Development’s headquarters
Abdulmohsen Alhokair Group for Tourism and Development’s (Alhokair Group) rights subscription period ends today, Aug. 5.
Subscription period started on July 26, to increase the company’s capital from SAR 343 million to SAR 650 million, through a rights issue of 30.7 million shares at SAR 10 per share.
Rights trading period, which also started on July 26, ended on Aug. 2.
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Key Figures of the Capital Increase via Rights Issue |
|
|
Capital Before Increase |
SAR 343 mln |
|
Number of Shares |
34.3 mln |
|
Increase (%) |
89.5% |
|
New Capital |
SAR 650 mln |
|
New Number of Shares |
65 mln |
|
Key Figures of Rights Issue |
||
|
Number of Offered Shares |
30.7 mln |
|
|
Offering Price |
SAR 10 |
|
|
Issue Size |
SAR 307 mln |
|
|
Rights Trading Period |
From July 26 to Aug. 2 |
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|
Subscription Period |
From July 26 to Aug. 5 |
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|
Use of Proceeds |
Repayment of bank loans |
SAR 80 mln |
|
Renovation of a number of hotels as well as entertainment and commercial facilities |
SAR 110 mln |
|
|
Financing cinema screens and sports centers |
SAR 45 mln |
|
|
Financing working capital |
SAR 66.2 mln |
|
|
|
Offering costs |
SAR 5.8 mln |
|
|
Total |
SAR 307 mln |
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