The Saudi Industrial Development Company (SIDC) announced on Sunday that it has submitted an application file to the Capital Market Authority (CMA) on Thursday, December 26, 2024, seeking approval for a proposed capital increase.
This follows the company’s earlier announcement on May 28, 2024, regarding the Board of Directors’ recommendation to increase SIDC’s capital from SAR 135 million to SAR 300 million. The increase will be achieved through a rights issue offering of 16.5 million ordinary shares at a nominal value and offering price of SAR 10 per share.
