‎Al Akaria disorders prospectus for SAR 1.593 bln rights project

29

Logo of Al Akaria


Saudi Precise Property Co. (Al Akaria) announced this day the prospectus for its capital lengthen thru offering rights project shares price SAR 1.593 billion, in accordance with a bourse filing.

The rights project is aimed to finance and attain the firm’s future plans and initiatives, as properly as enlargement of the many activities and partial compensation of credit score facilities.

The firm space the offering designate at SAR 11.8. It targets SAR 1.593 billion thru offering 135 million shares.

Capital will be increased by 56.25% from SAR 2.400 billion to SAR 3.750 billion.

Capital Hike Notable factors

Contemporary Capital

SAR 2.400 bln

Different of shares

240 mln shares

Capital hike%

56.25%

New capital

SAR 3.750 bln

Different of shares

375 mln shares

Rights Topic Notable factors

Different of Shares Supplied

135 mln shares

Provide designate

SAR 11.80

Size of project

SAR 1.593 bln

Eligibility ratio

Every listed shareholder shall bear the upright to subscribe to 000 shares per every owned fragment.

File date

The lengthen will be shrimp to the shareholders who’re registered in the Securities Depository Center (Edaa) by the shut of procuring and selling on the 2nd procuring and selling day after the unheard of general assembly (EGM).

Rights project proceeds

Repaying credit score facilities to Riyad Bank

SAR 520 mln

Repaying credit score facilities to AlJazira Bank

SAR 382.7 mln

Financing the Gateway Mission

SAR 309.2 mln

Financing the L’Avenir Al-Aqeeq Complicated Mission

SAR 159.6 mln

Financing the Al-Yamamah Compound Mission in the Diplomatic Quarter

SAR 152.5 mln

Supporting working capital

SAR 48.8 mln

Providing costs

SAR 20.3 mln

For More IPOs