Logo of Al-Baha Investment and Development Co.
Al-Baha Investment and Development Co.’s rights subscription period ends today, March 10.
Subscription period started on Feb. 28 to increase the company’s capital from SAR 177 million to SAR 297 million, through a rights issue of 12 million shares at SAR 10 per share.
Rights trading period, which also started on Feb. 28, ended on March 7.
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Capital Increase Details |
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Current capital |
SAR 177 mln |
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Number of shares |
17.7 mln |
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Capital increase % |
67.79% |
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Capital after increase |
SAR 297 mln |
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Number of shares after increase |
29.7 mln |
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Rights Issue Details |
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Number of shares offered |
12 mln |
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Offering price per share |
SAR 10 |
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Size of issue |
SAR 120 mln |
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Eligibility coefficient |
Nearly 0.68 right for every share held |
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Record date |
Feb. 21, 2022 (Shareholders of record by the close of trading on the second day following the EGM date |
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Rights trading period |
Feb. 28-March 7 |
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Subscription period |
Feb. 28-March 10 |
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Rights issue proceeds |
Investment in diversified income generating assets |
SAR 90.43 mln |
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Payment of dues to the Zakat, Tax and Customs Authority |
SAR 14.85 mln |
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Payment of deposits of auction shares under settlement |
SAR 10.72 mln |
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Payment of the offering fees and costs |
SAR 4.00 mln |
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