One of Thimar’s branches
Thimar Development Holding Co. announced today, Oct. 25, the results of rights trading and subscription to new shares, as well as the details of the rump offering.
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Subscription Details |
|
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Number of offered shares |
15 mln |
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Shares subscribed |
11.29 mln |
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Value of shares subscribed |
SAR 112.87 mln |
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Coverage |
75.24% |
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Shares remaining |
3.71 mln |
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Unsubscribed shares sale date |
Oct. 29-30, 2023 |
Rump shares will be offered to a number of institutional investors, provided the institutions submit purchase offers for such shares, Thimar said in a statement to Tadawul.
In addition, the remaining shares will be allocated to institutional investors pro rata, the statement noted.
In the event that institutional investors have not subscribed to all the rump shares, they will be allocated to the underwriter that will buy them at the offering price, the statement added.
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