Logo Design of Takween Advanced Industries Co.
Takween Advanced Industries Co. identified the duration of its rights problem trading and membership to the brand-new shares, according to a declaration to Tadawul today, Feb. 15.
Both will begin on Feb. 19. Rights concern trading will end on Feb. 27, while the duration for membership to brand-new shares will end on March 3, the declaration suggested.
Right-holders might exercise their membership right, in entire or in part, to the brand-new shares in percentage to the rights existing in their portfolios. For signed up investors and brand-new financiers, rights trading and brand-new shares membership will be according to the prospectus.
Any unsubscribed shares and fractional shares will be used to institutional financiers, in accordance with the information embeded in the prospectus. Wasatah Capital will finance the brand-new shares that stay unsubscribed after the rump offering.
The business likewise drew attention of financiers not happy to register for the significance of offering the rights concern they hold throughout the defined trading duration to prevent the resulting decrease in the worth of their financial investment portfolios as an outcome of not taking advantage of their rights, whether by method of sale or membership.
According to information put together by ArgaamTakween investors authorized, on Feb. 13, the board’s suggestion to increase capital by means of a SAR 300 million rights concern.