Logo of Maadaniyah
National Metal Manufacturing and Casting Co. (Maadaniyah) announced that the rump offering was 729.8% oversubscribed, according to a bourse filing.
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Offering Details |
|
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Number of Shares Sold |
1.59 mln |
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Total Proceeds from Selling Rump Shares |
SAR 42.2 mln |
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Coverage Ratio (%) |
729.8% |
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Average Share Price |
SAR 26.52/share |
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Net Compensation for Rights Issue & Fraction Shareholders |
SAR 26.30 mln |
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Date of Depositing Shares in Shareholders Accounts |
Dec. 23, 2021 |
The period of subscribing to the company's rights shares ended on Dec. 9, 2021, according to Argaam's data.
During the subscription period, which began on Nov. 29, the company offered 12 million shares at SAR 10 each, totaling SAR 120 million, to increase capital from SAR 234 million to SAR 354 million.
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