The Saudi Arabia Capital Markets Authority has approved Saudi Industrial Development Company’s request to increase its capital through a rights issue valued at SAR 165,000,000. Eligibility to participate will be limited to shareholders recorded in the shareholders’ registry at the Securities Depository Center as at the close of the second trading day after the extraordinary general assembly meeting, with the meeting date to be set by the company’s board. The offering price and the number of shares to be offered for subscription will be determined by the company after market close on the day the extraordinary general assembly meeting is held, and the rights issue prospectus will be made available to the public at a later time.
Saudi Arabia Capital Markets Authority 2025-08-10
Saudi Arabia Capital Markets Authority approves Saudi Industrial Development Company SAR 165 million rights issue capital increase
The Saudi Arabia Capital Markets Authority has approved Saudi Industrial Development Company's capital increase through a SAR 165 million rights issue. Eligibility is limited to shareholders recorded at the Securities Depository Center two days post the extraordinary general assembly meeting, with details on the offering price and shares to be determined subsequently. The rights issue prospectus will be released to the public later.