Edaa deposits subscribed securities for Al-Omran’s rights issue today

07/12/2023 Argaam
Logo ofAl-Omran Industrial Trading Co.

Logo of Al-Omran Industrial Trading Co.

The Securities Depository Center Co. (Edaa) deposited Al-Omran Industrial Trading Co.’s subscribed securities for the rights issue into the accounts of eligible shareholders today, Dec. 7, according to a statement to Tadawul.

 

The company offered six million rights shares at SAR 10 each at a total value of SAR 60 million, to increase its capital to SAR 120 million from SAR 60 million, Argaam earlier reported.

 

Al-Omran’s rights offering was 95.31% covered. Investors subscribed to 5.71 million new shares at SAR 57.19 million. The rump offering was 627.67% oversubscribed.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.