Filling and Packing Materials Manufacturing Co.’s (FIPCO) shareholders will vote on increasing capital through a SAR 115 million rights offering, during the extraordinary general meeting (EGM) scheduled for April 13, the company said in a statement to Tadawul.

 

Capital Hike Details

Current Capital

SAR 115 mln

Number of Shares

11.5 mln

Percentage Increase

100% (one share for every one share held)

New Capital

SAR 230 mln

Number of Shares

23 mln

 

Rights Issue Details

Offered shares

11.5 mln

Offer price

SAR 10

Size of issue

SAR 115 mln

Eligibility ratio

Each listed shareholder shall have the right to subscribe to one share per each owned share.

  Record date

The increase will be limited to the shareholders who are registered with Edaa by the close of trading on the second trading day after the extraordinary general assembly meeting (EGM).

Rights issue proceeds

Investment expansions

SAR 49 mln

Repayment of loans

SAR 30 mln

Financing working capital

SAR 32 mln

Offering costs

SAR 4 mln

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request