Logo of Sadr Logistics
Sadr Logistics Co. has launched, today, Dec. 6, the rights issue trading period and subscription to new shares to raise its capital by 600% to SAR 175 million.
The rights trading will end on Dec. 13, while the subscription process will close on Dec. 16.
Sadr will issue 15 million shares at SAR 10 each. Each shareholder of record will be eligible for six rights for every share held on the record date.
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Capital Hike Highlights |
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Current capital |
SAR 25 mln |
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Number of shares |
2.5 mln |
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Capital hike (%) |
600% |
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Capital after increase |
SAR 175 mln |
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Number of shares after increase |
17.5 mln shares |
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Rights Issue Highlights |
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Number of rights shares |
15 mln |
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Offering price per share |
SAR 10 |
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Size of issue |
SAR 150 mln |
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Eligibility ratio |
Each registered shareholder shall have the right to six rights for every share held |
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Record date |
Dec. 1 (Shareholders of record by the close of trading on the second day following the EGM date) |
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Rights trading period |
From Dec. 6-13 |
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Subscription to new shares period |
From Dec. 6-16 |
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Rights issue proceeds |
Investment in logistics (transportation and storage for others) |
SAR 128.5 mln |
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Development of operational sectors (machinery, equipment, and fixtures) |
SAR 18.0 mln |
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Issue costs |
SAR 3.5 mln |
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