Asharqiyah Development shareholders to vote on capital hike via rights issue on April 11
Logo ofAsharqiyah Development Co.
Asharqiyah Development Co.’s shareholders will vote on increasing capital through a SAR 225 million rights offering, during the extraordinary general meeting (EGM) scheduled for April 11, the company said in a statement to Tadawul.
Capital Hike Details
Current Capital
SAR 75 mln
Current Number of Shares
7.5 mln
Percentage of Increase
300%
New Capital
SAR 300 mln
New Number of Shares
30 mln
Rights Issue Details
Offer Shares
22.5 mln
Offer Price
SAR 10/share
Issue Size
SAR 225 mln
Eligibility Ratio
Each listed shareholder can subscribe to three rights for each owned share
Record Date
April 11…
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