Logo of Savola Group
Savola Group’s rights trading period to raise the company’s capital to SAR 11.34 billion from SAR 5.34 billion ends today, Sept 5. The rights trading process started on Aug. 29.
Meanwhile, subscription to new shares will end on Sept. 10.
Rights holders can wholly or partially subscribe to the new shares up to the number of rights available in their portfolios.
|
Capital Increase Details |
|
|
Current Capital |
SAR 5.33 bln |
|
Number of Shares |
533.98 mln |
|
New Capital |
SAR 11.33 bln |
|
Number of Shares |
1.13 bln |
|
Percentage of Capital Increase |
112.36% |
|
Rights Issue Details |
||
|
Offered Shares |
600 mln |
|
|
Offer Price |
SAR 10 |
|
|
Issue Size |
SAR 6 bln |
|
|
Eligibility Ratio |
1.1236 shares per each existing share |
|
|
Record Date |
Aug. 25, 2024 (Shareholders of record who are registered with Edaa by the end of the second trading day following the EGM) |
|
|
Trading Period |
Aug. 29 – Sept. 5, 2024 |
|
|
Subscription Period |
Aug. 29 – Sept. 10, 2024 |
|
|
Rights Issue Proceeds (SAR mln) |
Repayment of long-term loans |
3797 |
|
Repayment of short-term loans |
2152 |
|
|
Payment of the offering costs |
51 |
|
|
Total |
6000 |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}