Logo of Saudi Industrial Export Co.

Saudi Industrial Export Co.’s (SIECO) rights trading ends today, May 30, to increase capital from SAR 21.6 million to SAR 194.4 million.

 

Rights trading and subscription to new shares started on May 23. The subscription will close on June 2.

 

Rights holders are allowed to exercise their right to subscribe wholly or partially to the new shares within the limits of their rights.

 

Capital Increase Details

Current capital

SAR 21.60 mln

Number of shares

2.16 mln

Capital increase (%)

800%

Capital after increase

SAR 194.4 mln

Number of shares after increase

19.44 mln
 

Rights Issue Details

Number of shares offered

17.28 mln 

Offer price

SAR 10

Size of issue

SAR 172.80 mln

Eligibility ratio

Each rights for every share owned

Record date

May 11, 2022

Rights issue proceeds

Logistics operations

SAR 67.48 mln

Geographic Expansion

SAR 43.39 mln

Funding supply contracts

SAR 42.52 mln

Digitization

SAR 14.41 mln

Offering fees

SAR 5 mln
 

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