SIDC to concluderump offering on Nov. 30
Saudi Industrial Development Co. (SIDC) announced today, Nov. 25, the results of the rights issue trading and new shares subscription, as well as the details of the rump offering,as follows: 
Offering Details
Number of Offered Shares
16.50 mln
Number of Subscribed Shares
11.08 mln
Value of Subscribed Shares
SAR 110.80 mln
Coverage Ratio (%)
67.15%
Number of Rump Shares
5.42 mln
Date of Rump Offering
Nov. 27-30, 2025
Rump shares will be offered to a number of institutional investors. Moreover, they will be allocated to institutional investors of the highest to lowest bid (provided that they will not lower than the offering price). Shares will be allocated pro rata to institutional investors, making the same offer.
If institutional investors have not subscribed to all the rump shares, the offering under writer will subscribe to the remaining shares at the offering price.
SIDC to concluderump offering on Nov. 30
Saudi Industrial Development Co. (SIDC) announced today, Nov. 25, the results of the rights issue trading and new shares subscription, as well as the details of the rump offering,as follows:
Offering Details
Number of Offered Shares
16.50 mln
Number of Subscribed Shares
11.08 mln
Value of Subscribed Shares
SAR 110.80 mln
Coverage Ratio (%)
67.15%
Number of Rump Shares
5.42 mln
Date of Rump Offering
Nov. 27-30, 2025
Rump shares will be offered to a number of institutional investors. Moreover, they will be allocated to institutional investors of the highest to lowest bid (provided that they will not lower than the offering price). Shares will be allocated pro rata to institutional investors, making the same offer.
If institutional investors have not subscribed to all the rump shares, the offering under writer will subscribe to the remaining shares at the offering price.
