Logo of Saudi Industrial Export Co.
Saudi Industrial Export Co.’s (SIECO) rights trading ends today, May 30, to increase capital from SAR 21.6 million to SAR 194.4 million.
Rights trading and subscription to new shares started on May 23. The subscription will close on June 2.
Rights holders are allowed to exercise their right to subscribe wholly or partially to the new shares within the limits of their rights.
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Capital Increase Details |
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Current capital |
SAR 21.60 mln |
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Number of shares |
2.16 mln |
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Capital increase (%) |
800% |
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Capital after increase |
SAR 194.4 mln |
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Number of shares after increase |
19.44 mln |
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Rights Issue Details |
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Number of shares offered |
17.28 mln |
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Offer price |
SAR 10 |
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Size of issue |
SAR 172.80 mln |
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Eligibility ratio |
Each rights for every share owned |
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Record date |
May 11, 2022 |
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Rights issue proceeds |
Logistics operations |
SAR 67.48 mln |
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Geographic Expansion |
SAR 43.39 mln |
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Funding supply contracts |
SAR 42.52 mln |
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Digitization |
SAR 14.41 mln |
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Offering fees |
SAR 5 mln |
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