Logo of Sadr Logistics


Sadr Logistics Co.’s rights subscription period ends today, Dec. 16.

Subscription period started on Dec. 6, to increase the company’s capital from SAR 25 million to SAR 175 million, through a rights issue of 15 million shares at SAR 10 per share.

Rights trading period, which also started on Dec. 6, ended on Dec. 13.

Capital Hike Highlights

Current capital

SAR 25 mln

Number of shares

2.5 mln

Capital hike (%)

600%

Capital after increase

SAR 175 mln

Number of shares after increase

17.5 mln shares

Rights Issue Highlights

Number of rights shares

15 mln

Offering price per share

SAR 10

Size of issue

SAR 150 mln

Eligibility ratio

Each shareholder shall have the right to six rights for every share held

Record date

Dec. 1, 2021 (Shareholders of record registered with Edaa by the end of the second trading day following the extraordinary general meeting date)  

Rights trading period

From Dec. 6-13

Subscription to new shares period

From Dec. 6-16

Rights issue proceeds

Investment in logistics (transportation and storage for third parties)

SAR 128.5 mln

Development of operations (machinery, equipment, and fixtures)

SAR 18.0 mln

Issue costs

SAR 3.5 mln

For More IPOs

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