Subscription to AYYAN’s rights issue closes today

24/07/2024 Argaam Special
Logo ofAYYAN Investment Co.

Logo of AYYAN Investment Co.


Subscription to the rights issue of AYYAN Investment Co. ends today, July 24.

 

The subscription period began on July 14 to increase the company's capital by 24.8% from SAR 806.36 million to SAR 1.06 billion by issuing million rights shares at worth SAR 200 million.

 

For More IPOs

 

AYYAN’s rights trading period ended on July 21.

 

Capital Increase Details

Current Capital

SAR 806.36 mln

Number of Shares

80.64 mln

New Capital

SAR 1.006 bln

Number of Shares

100.64 mln

Percentage of Capital Increase

24.80%

 

Rights Issue Details

Offered Shares

20 mln

Offer Price

SAR 10

Issue Size

SAR 200 mln

Eligibility Ratio

Each shareholder is entitled to subscribe to 0.2480 rights per every share held

Record date

July 8 (Shareholders of record, registered with the Securities Depository Center Co. (Edaa), by the end of the second trading day following the extra-ordinary general meeting (EGM)

Trading period

July 14-21, 2024

Subscription period

July 14-24, 2024

Offering Proceeds (SAR mln)

Purchase of medical devices and equipment for Al-Salam Hospital, affiliated with Al-Salam Medical Services Co. (a subsidiary)

20.0

Payment to suppliers of subsidiary companies (Al Ahsa Medical Services and Al-Salam Medical Services)

61.1

Payment of outstanding obligations to financial entities by its subsidiary Al-Salam Medical Services

45

Payment of operating expenses for its subsidiary Al-Salam Medical Services

67.9

Offering costs

6.0

Total

200

Financial advisor, lead manager and underwriter

Alinma Investment

 

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