Alkhaleej Training pays compensation for unsubscribed rights issue shares today

Alkhaleej Training and Education Co. announced, on Dec. 8, distributing a total amount of SAR 15.3 million, as compensation to the rights issue owners who did not subscribe to the new shares and those eligible for fractional shares.

Arab National Bank (ANB) deposited the funds in the eligible investors’ accounts, the company said in a bourse statement.

The company offered 20 million shares at SAR 10 each to raise its capital to SAR 650 million from SAR 450 million, according to data compiled by Argaam.