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Sept 18: Arabia Investment Holding’s rights issue last date

Sept 18: Arabia Investment Holding’s rights issue last date

ArabFinance:  Financial Regulatory Authority (FRA) approved publishing Arabia Investment Holding’s (AIND)  invitation for existing shareholders to subscribe to the capital increase shares.

The issued capital will be hiked to EGP 432,500,595 from EGP 144,166,865 with an increase amounting to EGP 288,333,730.

The capital increase will be distributed over 961,112,434  shares at par value of EGP0.30 per share with issuance expenses EGP 0.14.

The Shareholders on record of September 18, 2019, will be entitled to participate in the capital increase by 200% of their shares in the company's capital before the increase.

The subscription will be opened for one month, starting September 23, 2019, till ending of trading session October 22, 2019.

The right issue will be traded separately from the original stock from September 23, till ending of trading session October 17, 2019.

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