Al Akaria rights trading period ends today

Logo of Saudi Real Estate Co. (Al Akaria)

Saudi Real Estate Co.’s (Al Akaria) rights trading period ends today, June 6.

Rights trading period started on May 30, to increase the company’s capital from SAR 2.4 billion to SAR 3.75 billion.

Subscription period, which also started on May 30, will continue until June 9.

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 2.4 bln
Number of shares	240 mln
Capital increase (%)	56.25%
Capital after increase	SAR 3.75 bln
Number of shares after increase	375 mln

Rights Issue Details
Number of shares offered	135 mln
Offer price	SAR 11.80
Size of issue	SAR 1.593 bln
Eligibility ratio	Each shareholder of record will be granted 0.5625 rights for every share owned
Record date	May 18, 2022, Each shareholder registered with the Securities Depository Center (Edaa) by the close of trading on the second trading day after the extraordinary general meeting.
Rights issue proceeds	Financing and implementing the company's plans and future projects, and expanding its various activities, in addition to paying off part of the credit facilities.

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