The Board of Directors of the Saudi Industrial Exports (Saderat) recommended increasing the company's capital by offering priority rights shares.
According to Arabiya Net, the company said that the total amount to be obtained is 129.6 million riyals.
The company also said that the reasons for the increase are to support the expansion of the company's future activities and to provide working capital to enable the company to increase its operational operations and reduce the company's losses.
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the company said that the eligibility of shareholders who own the shares will be on the day of the extraordinary general assembly that decided to increase the capital by offering priority rights shares and whose names appear in the company's shareholders' register. At the depository center at the end of the second trading day following the date of the association.
Saudi Industrial Exports, Saderat, announced earlier that the procedures for selling and collecting the value of the company's share of stores and support services, which amounted to 3.846% of its 260 million riyals capital, had been completed. One million shares.
and the company indicated that the value of the investment cost in the warehouse and support services company is 11 million riyals.
bearing in mind that the last evaluation of the investment in the stores and support services company is in the company's financial statements for the second quarter of the current year 2020, with a value of (6.115.121 riyals).
The company's share has been sold at an amount of 4 million riyals at 4 riyals per share, and the financial impact will be announced at the end of the current year 2020.
