Saudi Arabia’s Capital Markets Authority approved Saudi Industrial Development Company’s request to increase its capital through a SAR 165,000,000 rights issue. Subscription will be limited to shareholders registered in the shareholders’ register at the Security Depository Center as of the close of the second trading day after the extraordinary general assembly meeting. The company will determine the extraordinary general assembly meeting date at a later time, and will set the offering price and number of shares after market close on the day the meeting is held. The rights issue prospectus will be made publicly available later, and the CMA cautioned that its approval indicates the relevant legal requirements under the Capital Market Law and its Implementing Regulations have been met, not a recommendation to subscribe, urging investors to read the prospectus and its risk factors or consult an authorized financial adviser if needed.
Saudi Arabia Capital Markets Authority 2025-08-10
Saudi Arabia Capital Markets Authority approves Saudi Industrial Development Company’s SAR 165 million rights issue capital increase
Saudi Arabia's Capital Markets Authority approved Saudi Industrial Development Company's SAR 165 million capital increase via a rights issue for shareholders registered at the Security Depository Center post-extraordinary general assembly meeting. The meeting date, offering price, and number of shares will be announced later. The CMA stressed its approval confirms legal compliance, not a subscription recommendation, advising investors to review the prospectus and consult financial advisers.