Logo of Naseej International Trading Co.
Naseej International Trading Co.’s rights issue shares were 95.85% subscribed, as subscribers injected SAR 143.78 million to subscribe to 14.38 million shares, the company said in a bourse filing.
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Rights Issue Details |
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Number of rights issue shares |
15 mln |
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Number of subscribed shares |
14.38 mln |
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Subscription value |
SAR 143.78 mln |
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Coverage ratio (%) |
95.85% |
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Number of rump shares |
621,770 |
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Period of offering rump shares |
Nov. 24-25 |
The rump shares will be offered to a number of institutional investors, provided that those institutions bid for these shares.
Rump shares will be allocated first to the institutional investors with the highest bids. The shares will be allocated proportionately to the institutional investors submitting the same offer. Fractional shares (if any) will be added to the rump shares and treated similarly.
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