Addis Holding Company announced the prospectus for offering 338.7 million shares, representing 30% of the company’s capital, for a period of 3 days, starting from Tuesday, September 26, 2023, until Thursday, September 28, 2023, and the recipients of the subscription are the Saudi National Bank, Al Rajhi Bank, Riyad Bank, and the Arab Bank.
According to the prospectus, the subscription targets two tranches of the participating entities. This tranche includes the categories that are entitled to participate in the book-building process, including investment funds, qualified foreign companies and institutions, investors from Gulf companies and other foreign investors under swap agreements.
and individual subscribers, and this segment includes natural Saudi persons, including a divorced or widowed Saudi woman who has minor children from a non-Saudi husband, where she is entitled to subscribe in their names for her own benefit, provided that she submits proof that she is divorced or widowed and that she is the mother of minor children, and any A non-Saudi natural person residing or citizens of the Gulf Cooperation Council countries who have a bank account with one of the receiving entities and have the right to open an investment account, and the subscription of every person who subscribed in the name of his divorced wife is considered void, and if it is proven that a process of this kind was carried out, the system will be applied against the applicant. In the event that the subscription is made twice, the second subscription will be considered null and only the first subscription will be taken into consideration
On June 21, 2023, the Capital Market Authority approved the company’s request to register its capital and offer 338,718,754 ordinary shares of the company’s total capital through the sale of 101,615,626 ordinary shares of the existing shares (“sale shares”) by “ADIS Investments Holdings Limited” and the Public Investment Fund. (“Public Investment Fund”) and Zamil Investment Group Company Limited (in proportion to their existing shares), and the issuance of 237,103,128 new shares (“New Shares”, referred to together with the sale shares as “Offer Shares” and each of them is an “Offer Share”) through an increase capital. The selling shares represent 9% and the new shares represent 21% of the issued capital upon completion of the offering, which equals a total of 30% of the issued capital (after the issuance of new shares and the increase in the company’s capital).
2023-09-05 11:56:00
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