Edaa deposits Al Sorayai rights into shareholders’ portfolios

26/02/2020 Argaam

 

The Securities Depository Center (Edaa) deposited, today Feb. 26, Al Sorayai Trading and Industrial Group Company rights into shareholders’ portfolios, according to a bourse statement to Tadawul.

 

Al Sorayai offered 11.27 million shares at SAR 10 each, with a total value of SAR 112.66 million to raise its capital to SAR 178.16 million from SAR 65.5 million, Argaam reported earlier.

 

Investors subscribed to 9.3 million out of 11.27 million right shares, representing 82.83% at a total value of SAR 93.32 million.

 

The remaining rights issue were 858.1% oversubscribed, with a total value of SAR 28.60 million from 1.93 million shares at SAR 14.79 a share.

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