Alkhaleej Training launches IPO, rights issue

The rights trading period ends on Monday, November 15

  
A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

REUTERS/Faisal Al Nasser
 
RIYADH: Alkhaleej Training Company starts its offering and tradable rights trading period as of Monday, to increase its capital from SR450 million ($119.9 million) to SR650 million ($173.2 million).

The rights trading period ends on Monday, November 15, 2021, with the subscription phase continuing until Thursday, November 18, 2021.

The education and training business intends to offer 20 million shares at a price of SR10 per share, and each shareholder registered in the company's records on the due date is granted approximately 0.44 right for every single share he owns.

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