Introduction | Al Kathiri Holding Co. Announces the Specification of the Period for Right Issues Trading and New Shares Subscription |
Right Issuses and New Shares Subscription Period Start Date | 2020-10-12 Corresponding to 1442-02-25 |
Right Issues Trading Period End Date | 2020-10-19 Corresponding to 1442-03-02 |
New Shares Subscription Period End Date | 2020-10-22 Corresponding to 1442-03-05 |
Trading Right Issues and Subscription to New Shares | Holders of right Issues are allowed to exercise their right to subscribe in new shares (in full or in part) up to the number of right issues available in their portfolios, trading in right issues and subscription to new shares for registered shareholders and new investors shall be as per the prospectus |
Details on Remaining Offering | With regard to the details of the remaining offering, the company would like to alert the investors that in the event that shares remain unsubscribed, those remaining shares and fractional shares (if any) will be offered to institutional investors according to what is mentioned in the prospectus, as will the financial advisor, the lead manager and the undertaker Coverage for the placement blind “FALCOM Financial Services Company” by undertaking to cover the priority rights of Al Kathiri Holding Company in the event that the entire subscription is not covered. |
Notification for Investors not Willing to Subscribe | Attention of Investors not willing to subscribe is drawn to the importance of selling the righ issues they hold during the specified trading period to avoid the resulting decline in the value of their investment portfolios as a result of not benefiting from their rights, whether by way of sale or subscription |
For Daily Fluctuation in Right Issues Closing Prices during Rights Trading Period | https://www.tadawul.com.sa/ |
For the Indicative Value of the Right | https://www.tadawul.com.sa/ |
For Further Details on the Mechanism of Right Issues Trading and Subscription to New Shares | https://www.tadawul.com.sa/wps/portal/tadawul/knowledge-center/about/tradable-rights |
For the Prospectus of Company’s Capital Increase through the Issuance of Right Issues | https://cma.org.sa/Market/Prospectuses/Documents/AL-Kathiri%20Prospectus.pdf |