Anaam International Holding Group said that subscription to the remaining shares was 242.7% covered, according to a bourse statement.
Anaam’s rights issue shares were 89.1% subscribed, as subscribers injected SAR 80.2 million to subscribe to 8.02 million shares.
The remaining shares were offered to institutional investors on a pro rata basis on Nov. 17-18, 2020.
On Nov. 2, Anaam kicked off subscription to new shares and rights trading to raise its capital from SAR 15 million to SAR 105 million, through a rights issue of nine million shares at SAR 10 per share.
Rights subscription period ended on Nov. 12.
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Offering Details |
|
|
Number of subscribed shares |
980,656 shares |
|
Average subscription price |
SAR 76.71/ share |
|
Coverage ratio |
242.7% |
|
Total proceeds |
SAR 75.2 mln |
|
Date of shares' deposit at EDAA |
Dec. 12, 2020 |
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