Logo of National Agricultural Development co. (NADEC)
National Agricultural Development co. (NADEC) rights trading period ends today, Nov. 16.
Rights trading started on Nov. 9, to increase the company’s capital from SAR 1.01 billion to SAR 3.01 billion.
Subscription period, which also started on Nov. 9, will continue until Nov. 21.
Rights issue holders are allowed to exercise their right to subscribe to new shares (in full or in part) up to the number of shares available in their portfolios.
|
Capital Increase Details |
|
|
Current Capital |
SAR 1.01 bln |
|
Number of Shares |
101.64 mln shares |
|
Capital Increase % |
196.8% |
|
Capital After Increase |
SAR 3.01 bln |
|
Number of Shares After Increase |
301.64 mln shares |
|
Rights Issue Details |
||
|
Offered shares |
200 mln shares |
|
|
Offer Price |
SAR 10 |
|
|
Size of issue |
SAR 2 bln |
|
|
Subscription Period |
From Nov. 9 to Nov. 21 |
|
|
Rights Trading Period |
From Nov. 9 to Nov. 16 |
|
|
Purpose |
To enable the company to implement its strategic and operational plans, and promote its future activities. |
|
|
Eligibility ratio |
Each listed shareholder shall have the right to subscribe to 1.9677 shares per each owned share. |
|
|
Record Date |
Nov. 5, 2023 |
|
|
Expected usage of rights issue proceeds |
Expanding in dairy, juices and agricultural products segments |
800 |
|
Entry into new segments |
250 |
|
|
Paying off debts |
730 |
|
|
Financing general requirements |
200 |
|
|
Offering costs |
20 |
|
|
Total |
2000 |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}