Logo of Tihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co.’s rights subscription period ends today, April 25.
The subscription period started on April 6 to increase the company’s capital from SAR 50 million to SAR 400 million through a rights issue of 35 million shares at SAR 10 each for a total of SAR 350 million.
Rights trading period, which also started on April 6, ended on April 13.
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Key Figures of Capital Increase |
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Current Capital |
SAR 50 mln |
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Number of Shares |
5 mln |
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Increase Percentage |
700% |
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New Capital |
SAR 400 mln |
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New Shares |
40 mln |
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Details of Capital Increase |
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Number of Shares Offered |
35 mln |
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Offer Price |
SAR 10 |
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Issue Size |
SAR 350 mln |
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Subscription Period |
April 6-25, 2023 |
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Rights Trading Period |
April 6-13, 2023 |
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Capital Increase Purpose |
Financing expansion plans and future investments, supporting working capital and paying financial obligations |
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Record Date |
April 2, 2023 (including shareholders registered with Edaa by the end of the second trading day following the EGM day) |
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Eligibility Ratio |
Seven shares for every one share held |
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Rights Issue Proceeds |
Investments, acquisitions and partnerships |
SAR 154.00 mln |
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Expansion and restructuring of the retail sector |
SAR 33.58 mln |
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Liabilities due to government agencies |
SAR 31.81 mln |
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Payment of dues under final court rulings |
SAR 28.45 mln |
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Liabilities to financing agencies |
SAR 20.91 mln |
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Expanding and enhancing the advertising network |
SAR 17.45 mln |
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Expansion in the education business |
SAR 15.96 mln |
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Working capital support |
SAR 12.85 mln |
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Expansion in the production business |
SAR 7.99 mln |
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Offering fees |
SAR 26.99 mln |
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Total |
SAR 350 mln |
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