Edaa deposits Alhokair Group subscribed securities into shareholders’ portfolios today

17/08/2021 Argaam

Logo of Alhokair Group

The Securities Depository Center (Edaa) deposited, today, Aug. 17, the subscribed securities of Abdulmohsen Alhokair Group for Tourism and Development into the accounts of eligible securities’ holders.

 

According to data compiled by Argaam, in July, the company offered 30.7 million priority rights shares at a price of SAR 10 per share, with a total value of SAR 307 million, in order to increase its capital from SAR 343 million to SAR 650 million.

 

Coverage ratio for the shares was 94.91% by subscribing to 29.14 million shares out of 30.70 million shares, while the coverage ratio for the remaining offering amounted to 2,914.9%.

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