Nama Chemicals Co. has posted the prospectus of its SAR 200 million rights issue, the company said in a bourse filing.
Nama set the offering price at SAR 10 a share, to increase capital from SAR 235.2 million to SAR 435.2 million, through floating 20 million shares.
The capital hike aims to finance producing specialized chemical products and increasing the capacity of intermediate products plants.
The increase will be limited to shareholders of record on the second trading day following the extraordinary general meeting which is set to be held o March 4, 2019.
In January, Saudi Capital Market Authority (CMA) approved Nama’s request to increase capital by SAR 200 million through a rights issue.
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Capital Hike Details |
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Current Capital |
SAR 235.20 mln |
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Current number of shares |
23.52 mln |
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Capital hike percentage |
85% |
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Post-increase capital |
SAR 435.2 million |
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Rights Issue Details |
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Number of right shares |
20 million shares |
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Offering price per share |
SAR 10 |
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Size of issue |
SAR 200 mln |
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Record date |
Extraordinary general meeting day |
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Additional Details |
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Financial advisor, lead manager and underwriter |
Aljazira Capital |
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