Logo ofSaudi Industrial Development Co. (SIDC)
Saudi Industrial Development Co.’s (SIDC) shareholders approved increasing capital by 122.22% through a SAR 165 million rights issue during the extraordinary general meeting (EGM) held on Nov. 6, the company said in a Tadawul statement. 
Capital Increase Details
Current Capital
SAR 135 mln
No. of Shares
13.5 mln
New Capital
SAR 300 mln
New No. of Shares
30 mln
Percentage of Increase
122.22%
Par Value
SAR 10
Method
Offering 16.5 million rights issue shares (SAR 10/share) at a total value of SAR 165 million
Reason for Increase
Enable the company to implement its operational plans, support its working capital and enhance its financial position
Increase Date
Nov. 6, 2025 (Shareholders registered with Edaa at the end of the second trading day following the EGM)
According toArgaam‘s data, SIDC shareholders approved, in September 2024, the board’s proposal to cut capital by 66.25% from SAR 400 million to SAR 135 million, through the cancellation of 26.5 million shares to amortize accumulated losses.
Logo ofSaudi Industrial Development Co. (SIDC)
Saudi Industrial Development Co.’s (SIDC) shareholders approved increasing capital by 122.22% through a SAR 165 million rights issue during the extraordinary general meeting (EGM) held on Nov. 6, the company said in a Tadawul statement.
Capital Increase Details
Current Capital
SAR 135 mln
No. of Shares
13.5 mln
New Capital
SAR 300 mln
New No. of Shares
30 mln
Percentage of Increase
122.22%
Par Value
SAR 10
Method
Offering 16.5 million rights issue shares (SAR 10/share) at a total value of SAR 165 million
Reason for Increase
Enable the company to implement its operational plans, support its working capital and enhance its financial position
Increase Date
Nov. 6, 2025 (Shareholders registered with Edaa at the end of the second trading day following the EGM)
According toArgaam‘s data, SIDC shareholders approved, in September 2024, the board’s proposal to cut capital by 66.25% from SAR 400 million to SAR 135 million, through the cancellation of 26.5 million shares to amortize accumulated losses.
