Logo of Naseej International Trading Co.
Naseej International Trading Co. announced that the rump offering was 663.4% oversubscribed, according to a bourse filing today, Nov. 29.
Offering Details |
|
Number of Shares Sold |
621,770 |
Total Proceeds from Selling Rump Shares |
SAR 16.3 mln |
Coverage Ratio (%) |
633.4% |
Average Share Price |
SAR 26.22 |
Net Compensation for Rights Issue & Fraction Shareholders |
SAR 10.08 mln |
Date of Depositing Shares in Shareholders Accounts |
Dec. 2, 2021 |
The rights subscription period ended on Nov. 21, according to data available with Argaam.
Subscription period started on Nov. 9, to increase the company’s capital from SAR 61.6 million to SAR 211.6 million, through a rights issue of 15 million shares at SAR 10 per share.
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