ACIG’s rights trading period ends today

Logo of Allied Cooperative Insurance Group

Allied Cooperative Insurance Group (ACIG) rights trading period ends today, Jan. 10.

Rights trading period started on Jan. 3, to increase the company’s capital from SAR 141 million to SAR 291 million.

Subscription period, which also started on Jan. 3, will continue until Jan. 13.

Rights issue holders are allowed to exercise their right to subscribe to new shares (in full or in part) up to the number of shares available in their portfolios.

Capital Increase Details
Current capital	SAR 141 mln
Number of shares	14.1 mln
Capital increase %	106%
Capital after increase	SAR 291 mln
Number of shares after increase	29.1 mln

Rights Issue Highlights
Number of offered shares	15 mln
Offering price per share	SAR 10
Issuance size	SAR 150 mln
Record date	Dec. 29, 2021 (Shareholders of record at Edaa by the close of trading on the second trading day following the extraordinary general meeting (EGM) date)
Rights coefficient	1.06 rights for each share held
Rights trading period	Jan. 3-10
Rights subscription period	Jan. 3-13
Use of rights issue proceeds	Financial investments	SAR 124.5 mln
	Statutory deposit	SAR 22.5 mln
	Issue costs	SAR 3 mln

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