Logo of Tihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co.’s rights issue trading ended today, April 13, on the company’s capital increase to SAR 400 million from SAR 50 million.
Rights issue trading and subscription to the new shares started on April 6, while the subscription period will expire on April 25.
Right holders may exercise their subscription right, in whole or in part, to the new shares in proportion to the rights existing in their portfolios.
|
Details of Rights Issue |
|
|
Current Capital |
SAR 50 mln |
|
Number of Shares |
5 mln |
|
Increase Percentage |
700% |
|
New Capital |
SAR 400 mln |
|
New Number of Shares |
40 mln |
|
Details of Capital Increase |
||
|
Number of Shares Offered |
35 mln |
|
|
Offer Price |
SAR 10 |
|
|
Issue Size |
SAR 350 mln |
|
|
Subscription Period |
April 6-25, 2023 |
|
|
Rights Trading Period |
April 6-13, 2023 |
|
|
Capital Increase Purpose |
Financing expansion plans and future investments, supporting working capital and paying financial obligations |
|
|
Record Date |
April 2, 2023 |
|
|
Eligibility Ratio |
Seven shares for every one share held |
|
|
Rights Issue Proceeds |
Investments, acquisitions and partnerships |
SAR 154.00 mln |
|
Expansion and restructuring of the retail sector |
SAR 33.58 mln |
|
|
Liabilities due to government agencies |
SAR 31.81 mln |
|
|
Payment of dues under final court rulings |
SAR 28.45 mln |
|
|
Liabilities to financing agencies |
SAR 20.91 mln |
|
|
Expanding and enhancing the advertising network |
SAR 17.45 mln |
|
|
Expansion in the education business |
SAR 15.97 mln |
|
|
Working capital support |
SAR 12.85 mln |
|
|
Expansion in the production business |
SAR 7.99 mln |
|
|
Offering fees |
SAR 26.99 mln |
|
|
Total |
SAR 350 mln |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}