Questions & Answers
How to define the meaning of increasing capital while suspending the pre-emptive rights of current shareholders?
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It is an additional option for increasing the capital approved by the Capital Market Authority on 03/03/2022. It allows listed companies to increase their capital while suspending the pre-emptive rights of current shareholders to subscribe to new shares. This offer is limited to the targeted investor. Accordingly, the Middle East Paper Manufacturing Company will increase its capital by issuing and offering (19,999,999) new ordinary shares with a nominal value of ten (10) Saudi Riyals per share. The offering price is (31.50) Saudi Riyals per share, representing 30% of the issuer's capital. The entire offering will be subscribed to by the targeted investor.
When is the date of EGM specialized in capital increase?
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15/06/1445 H (corresponding to 28/12/2023)
What is the current company’s capital? And the current number of shares?
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The current capital is (666,666,660) Saudi Riyals, with a total of 66,666,666 ordinary fully
What will be the company’s capital after completing the offering? And the total number of shares after the offering?
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The capital after completion of the offering will be (866,666,650) Saudi Riyals, with a total of (86,666,665) ordinary shares at a nominal value of ten (10) Saudi Riyals per share.
What is the offering price per share, and the total offering value?
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The offering price is (31.50) Saudi Riyals per share, with a total offering value of (629,999,968.50) Saudi Riyals.
What is the total number of offered shares?
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The total number of offered shares is (19,999,999) new ordinary shares at a nominal value of ten (10) Saudi Riyals each.
What is the impact of the capital increase and the entry of a new investor on the company's share price?
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The market price of the company's shares is subject to fluctuations and depends on the company's operational results, market conditions, or government regulations.
What is the percentage of shares offered from the issuer's capital?
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The offered shares represent a 30% increase in the company's capital.