Headquarters of Saudi Arabian Amiantit Company

Saudi Arabian Amiantit Co. announced the results of rump offering and the final allocation of its rights issue shares, with a coverage ratio of 602.8%, according to a bourse statement.

 

The following table illustrates the details of the rump offering:

 

Rights Issue Coverage

Total offered shares

12 mln shares

Number of remaining shares

1.38 mln shares

Date of remaining shares offering

  Dec. 22-23, 2020 

Number of shares sold

1.38 mln shares

Coverage ratio

602.8%

Proceeds from remaining shares sale

SAR 29.88 mln

Average sale price

SAR 21.71/share

Net compensation for rights issue owners and fractional shares        

SAR 16.12 mln

Date of depositing shares in shareholders' account

Dec. 31, 2020
 

On Dec. 20, Amiantit announced the results of rights issue trading, noting that more than 10.6 million shares were subscribed, valued at SAR 106.23 million, from the offer of 12 million new shares, according to data compiled by Argaam.

 

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