During the extraordinary general assembly meeting (third meeting) that was held on 09/10/2018, the necessary votes were obtained to approve the recommendation of the Company’s Board of Directors to increase the Company’s capital by SAR 54,000,000 by way of offering and listing 5,400,000 right shares. The rights will be deposited in the form of securities in the portfolios of the eligible shareholders, who are registered in the Company's share register maintained with Securities Depository Center Company (“Edaa”) on 11/10/2018, which is the end of the second trading day post the extraordinary general assembly meeting. As per the prospectus the offering period is 9 days whereby the trading and subscription period of the rights issue will commence on 15/10/2018 and the trading period will end on 22/10/2018 whereas the subscription period will end on 25/10/2018
Alkhair capital, and several international banks, have successfully closed the Fifth tranche Sukuk issuance of Dar Al-Arkan, under its USD denominated Islamic Sukuk Program with a size of SAR 1.875 billion (USD 500 million).
Related News
-
11 Jul 2019
AlKhair Capital to raise SAR 1 bln for business expansion: CEO
AlKhair Capital has recently received the approval of the Capital Market Authority (CMA) to raise its capital…
-
25 Feb 2019
Alkhair Capital opens Its First Branch in Jeddah
Alkhair Capital opened its first branch in western province, pursuing their regional expansion…
-
29 Jan 2019
“AlKhair Capital” has been awarded the Global Business Awards for 2018 as the best growing company in providing financial advisory services in the Kingdom of Saudi Arabia
AlKhair Capital has been awarded the Global Business Awards for 2018 as the best growing company in providing…
-
29 Nov 2018
AlKhair Capital is the official sponsor of the Kingdom’s 4th International Open Golf Championship
Today Nov 29, 2018 The Kingdom's 4Th international golf tournament will be held in Riyadh under the…
-
20 Nov 2018
Alkhair Capital sponsored Bond, Loans & Sukuk Saudi Arabia 2018 in Riyadh
Alkhair Capital has successfully sponsored Bond, Loans & Sukuk Conference in Riyadh on 14th of November…
-
07 Nov 2018
AlKhair Capital successfully structured and launched an investment fund in October amounting to SAR 110 million and covering the food and beverage sector in Saudi.
AlKhair Capital Managing Director and Chief Executive Officer, Mr. Khalid Al-Mulhim announced the successful…
-
10 Oct 2018
Al Khair Capital has been appointed as the Lead Manager and sole Underwriter for the issuance of the Rights Issue of Saudi Industrial Export Company
Saudi Industrial Exports Company (“Compan”) has been appointed Alkhair Capital Saudi…
-
02 Sep 2018
Al Khair Capital Saudi Arabia holds a celebration for its employees
Al Khair Capital Saudi Arabia held its Eid Al Adha celebration in Riyadh in the presence of the CEO and…