Logo of Saudi Paper Manufacturing Co.
Saudi Paper Manufacturing Co. announced today the prospectus for its capital increase through offering rights issue shares worth SAR 145 million.
Capital will be increased to SAR 337 million, through offering 14.5 million rights issue shares at a nominal value of SAR 10 each.
The capital increase is aimed to support expansions by injecting fresh funds to provide working capital to boost operating efficiency and support future activity.
The Capital Market Authority (CMA) approved on Sept. 15, the application received from the company to increase capital through SAR 145 million rights issue, as per Argaam's data.
|
Capital Hike Details |
|
|
Current Capital |
SAR 192 mln |
|
Number of shares |
19.2 mln |
|
Increase% |
75.52% |
|
New Capital |
SAR 337 mln |
|
Number of Shares |
33.7 mln |
|
Rights Issue Details |
||
|
Offered Shares |
14.5 mln |
|
|
Offer Price |
SAR 10 |
|
|
Size of Issue |
SAR 145 mln |
|
|
Eligibility Ratio |
Each listed shareholder shall have the right to subscribe to 0.755 shares per each owned share. |
|
|
Record Date |
The increase will be limited to the shareholders who are registered in the Securities Depository Center (Edaa) by the close of trading on the second trading day after the extraordinary general assembly meeting (EGM). |
|
|
Rights issue proceeds |
Purchase of fixed assets |
SAR 92.3 mln |
|
Purchase of raw materials |
SAR 33.9 mln |
|
|
Repayment of bank loans |
SAR 15 mln |
|
|
Issue expenses |
SAR 3.9 mln |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}