SIDC shareholders earlier approved 122.22% capital hike via SAR 165 mln rights issue
The Securities Depository Center Co. (Edaa) announced the deposit of Saudi Industrial Development Co.’s (SIDC) subscribed securities for the rights issue into the accounts of eligible shareholders today, Nov. 11, according to a Tadawul statement. 
According to Argaam data, SIDC shareholders approved increasing capital by 122.22% through a SAR 165 million rights issue to enable the company to implement its operational plans, support its working capital and enhance its financial position.
Trading of priority rights will begin on Nov. 12, and end on Nov. 19.
Subscription for the new shares will also start on Nov. 12, and continue until Nov. 24.
SIDC shareholders earlier approved 122.22% capital hike via SAR 165 mln rights issue
The Securities Depository Center Co. (Edaa) announced the deposit of Saudi Industrial Development Co.’s (SIDC) subscribed securities for the rights issue into the accounts of eligible shareholders today, Nov. 11, according to a Tadawul statement.
According to Argaam data, SIDC shareholders approved increasing capital by 122.22% through a SAR 165 million rights issue to enable the company to implement its operational plans, support its working capital and enhance its financial position.
Trading of priority rights will begin on Nov. 12, and end on Nov. 19.
Subscription for the new shares will also start on Nov. 12, and continue until Nov. 24.
