Today, the subscription period and the rights issue trading start to increase the capital of Al Kathiri Holding Company.
The Saudi Stock Exchange (Tadawul) announced that the rights issue trading period will end on Monday, October 19, 2020, and that the subscription period for new shares will continue until Thursday, October 22 2020.
and approved the extraordinary general assembly for the shareholders of the company, in its meeting on October 6th, to increase the capital by offering priority rights shares, with a value of 45.2 million riyals, raising the company's capital from 45.21 One million riyals to 90.42 million riyals.
The company clarified that the aim of the increase is to support the expansion of the company's activity and to provide working capital that enables the company to increase its operational capacity and support its future activities.
and (Tadawul) announced that al-Kathiri's volatility will be calculated based on the price of 92.60 riyals per share.
The exchange approved Al-Kathiri's request to move from the parallel market to the main market, starting from the session on Sunday, November 3, 2019.
and the shares of Al Kathiri Company were listed in the parallel market (Nomu) on July 9, 2017, with a capital of 45.21 million riyals divided into 4.52 million shares, with a nominal value of 10 riyals per share.
