The BD3.7 million ($10 million) rights issue undertaken by General Trading and Food Processing (Trafco) to fund its future growth strategy will close in five days.

Trafco's shareholders listed on the register on April 30 are invited to subscribe for a total of 13,445,842 newly-issued shares at an offer price of 275 fils each.

Shareholders will have the right to purchase one ordinary share for every five shares held. The subscription period will close on Tuesday.

During the subscription period, shareholders can obtain copies of the information memorandum and subscription application forms from the receiving bank - Ahli United Bank at its main branch office in Car Park Building, 126 Government Avenue, Gudaibiya branch, Flat 43, Building 4280, Road 2162 and Zinj branch at 65B, Manama Plaza, 59 Al Qadsiya Avenue.

Copies of the forms are also available at the offices of the issue manager - Securities and Investment Company (SICO), BMB Centre, Diplomatic Area and the Registrar - KPMG, Hedaya House, Government Avenue.

'The offer price represents a good opportunity for our shareholders to buy into the future success of our strategy, a strategy which has seen the market value of the business nearly triple over the past five years,' said Trafco chairman Ebrahim Mohamed Ali Zainal.-TradeArabia News Service