Logo of Sadr Logistics
Sadr Logistics Co.’s rights trading period to increase capital to SAR 175 million, will close today, Dec. 13.
The company began the rights trading period and subscription to new shares on Dec. 6.
The subscription process will close on Dec. 16.
Sadr will offer 15 million shares at SAR 10 each. Each shareholder of record will be eligible for six rights for every share held on the record date.
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Capital Hike Highlights |
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Current capital |
SAR 25 mln |
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Number of shares |
2.5 mln |
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Capital hike (%) |
600% |
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Capital after increase |
SAR 175 mln |
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Number of shares after increase |
17.5 mln shares |
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Rights Issue Highlights |
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Number of rights shares |
15 mln |
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Offering price per share |
SAR 10 |
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Size of issue |
SAR 150 mln |
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Eligibility ratio |
Each shareholder shall have the right to six rights for every share held |
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Record date |
Dec. 1, 2021 |
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Rights trading period |
From Dec. 6-13 |
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Subscription to new shares period |
From Dec. 6-16 |
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Rights issue proceeds |
Investment in logistics (transportation and storage for third parties) |
SAR 128.5 mln |
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Development of operations (machinery, equipment, and fixtures) |
SAR 18.0 mln |
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Issue costs |
SAR 3.5 mln |
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