Logo of Saudi Industrial Export Co. (SIECO)
Saudi Industrial Export Co.’s (SIECO) rights subscription period ends today, June 2.
Subscription period started on May 23 to increase the company’s capital from SAR 21.6 million to SAR 194.4 million, through a rights issue of 17.28 million shares at SAR 10 per share at a total of SAR 172.8 million.
Rights trading period, which also started on May 23, ended on May 30.
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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 |
Eight 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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