Logo of Sadr Logistics Co.
Sadr Logistics Co. announced the prospectus for its capital increase through offering rights issue shares worth SAR 150 million.
Capital will be increased to SAR 175 million, through offering 15 million rights issue shares at a nominal value of SAR 10 each.
The Capital Market Authority (CMA) approved on Nov. 2 the company's request to increase its capital through a SAR 150 million rights issue. An extraordinary general meeting (EGM) will be held later on to vote on the capital hike.
|
Capital Hike Details |
|
|
Current Capital |
SAR 25 mln |
|
Number of shares |
2.5 mln |
|
Capital hike% |
600% |
|
Capital after increase |
SAR 175 mln |
|
Number of shares after increase |
17.5 mln shares |
|
Rights Issue Details |
||
|
Number of rights shares |
15 mln |
|
|
Offering price per share |
SAR 10 |
|
|
Size of issue |
SAR 150 mln |
|
|
Eligibility Ratio |
Each listed shareholder shall have the right to subscribe to six shares per each owned share. |
|
|
Record date |
Shareholders of record by the close of trading on the second day following the EGM date |
|
|
Rights issue proceeds |
Investment in logistics (transportation and storage for others) |
SAR 128.5 mln |
|
Development of operational sectors (machinery, equipment, and fixtures) |
SAR 18.0 mln |
|
|
Issue costs |
SAR 3.5 mln |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}