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.
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Capital Hike Notable factors |
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Contemporary Capital |
SAR 2.400 bln |
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Different of shares |
240 mln shares |
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Capital hike% |
56.25% |
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New capital |
SAR 3.750 bln |
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Different of shares |
375 mln shares |
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Rights Topic Notable factors |
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Different of Shares Supplied |
135 mln shares |
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Provide designate |
SAR 11.80 |
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Size of project |
SAR 1.593 bln |
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Eligibility ratio |
Every listed shareholder shall bear the upright to subscribe to 000 shares per every owned fragment. |
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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). |
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Rights project proceeds |
Repaying credit score facilities to Riyad Bank |
SAR 520 mln |
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Repaying credit score facilities to AlJazira Bank |
SAR 382.7 mln |
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Financing the Gateway Mission |
SAR 309.2 mln |
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Financing the L’Avenir Al-Aqeeq Complicated Mission |
SAR 159.6 mln |
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Financing the Al-Yamamah Compound Mission in the Diplomatic Quarter |
SAR 152.5 mln |
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Supporting working capital |
SAR 48.8 mln |
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Providing costs |
SAR 20.3 mln |
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