| Element List |
Explanation |
| Introduction |
Saudi Industrial Export Company announces the start of the period for Rights Issue Trading and New Shares Subscription. |
| Right Issuses and New Shares Subscription Period Start Date |
2022-05-23 Corresponding to 1443-10-22 |
| Right Issues Trading Period End Date |
2022-05-30 Corresponding to 1443-10-29 |
| New Shares Subscription Period End Date |
2022-06-02 Corresponding to 1443-11-03 |
| Trading Right Issues and Subscription to New Shares |
Holders of priority right are allowed to exercise their right to subscribe in new shares (in full or in part) up to the number of priority right available in their portfolios, trading in priority right and subscription to new shares for registered shareholders and new investors shall be as per the prospectus. |
| Details on Remaining Offering |
With regard to the details of the remaining offering, the company would like to alert the investors that in the event that shares remain unsubscribed, those remaining shares and fractional shares (if any) will be offered to institutional investors according to what is mentioned in the prospectus, as will the financial advisor, lead manager and underwriter AlKhair Capital shall undertake to underwrite the rights issue of Saudi Industrial Export Company in the event that the entire subscription is not fully covered. |
| Notification for Investors not Willing to Subscribe |
Investors who do not wish to subscribe in this period should note the importance of selling the priority rights they hold during the specified trading period to avoid the resulting decline in the value of their investment portfolios as a result of not benefiting from their rights, whether by way of sale or subscription. |
| For Daily Fluctuation in Right Issues Closing Prices during Rights Trading Period |
https://www.saudiexchange.sa |
| For the Indicative Value of the Right |
https://www.saudiexchange.sa |
| For Further Details on the Mechanism of Right Issues Trading and Subscription to New Shares |
https://www.saudiexchange.sa/wps/portal/tadawul/knowledge-center/about/tradable-rights |
| For the Prospectus of Company’s Capital Increase through the Issuance of Right Issues |
https://cma.org.sa/Market/Prospectuses/Documents/Sadirat_ar.pdf |
Comments