Saudi Enaya’s rights trading period ends today

Logo of Saudi Enaya Cooperative Insurance Co.

Saudi Enaya Cooperative Insurance Co.’s rights trading period ends today, Nov. 17.

Rights trading period started on Nov. 10 to increase the company’s capital from SAR 100 million to SAR 230 million.

Subscription period, which also started on Nov. 10, will continue until Nov. 22.

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 100 mln
Number of shares	10 mln
Capital increase (%)	130%
Capital after increase	SAR 230 mln
Number of shares after increase	23 mln

Key Highlights of Rights Issue
Number of Offered Shares	13 mln
Offering Price	SAR 10/share
Offering Size	SAR 130 mln
Eligibility Ratio	Nearly 1.3 rights for every share
Record Date	Shareholders of record on Nov. 6 and those registered with Edaa on the second trading day following the extraordinary general meeting (EGM) date
Proceeds	Bank deposits	SAR 53.8 mln
	Investment funds	SAR 26.9 mln
	Bonds and sukuk	SAR 26.9 mln
	Statutory deposit	SAR 12.0 mln
	Offering cost	SAR 10.4 mln
	Total	SAR 130 mln

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