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Sheryll Mericido

Sharqiyah Development Company News

Using the weighted average method, the number of days from the start of the period until the date of the last day of exercising rights, which was May 23, 2023, was calculated. In addition, the number of days from the day after the last day of exercising rights until the end of the period was calculated, and it came to 38 days. In addition to figuring out the theoretical share price for the earlier rights, which came to 13.38 riyals, the share price on the day the rights issue was issued, which was 23.52 riyals, was also extracted. To obtain the settlement coefficient, the share price on the day the rights issue was issued was divided by the theoretical share price, yielding a settlement coefficient of 1.76. The weighted average of the shares from the start of the period until the last day of exercising the rights, which came to 10,413,333, and from the end of the period to the start of the weighted average, which came to 6,333,333, were then calculated. Finally, the loss per share for the current period and the prior year's comparable period were calculated by dividing the net loss for the current period by the overall weighted average (-2032869 / 16,746,667).



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