Sadr Logistics says rump offering 7,011% oversubscribed

26/12/2021 Argaam

Logo of Sadr Logistics

Sadr Logistics Co. announced that the rump offering was 7,011% oversubscribed, according to a bourse filing.

 

Offering Details

Number of Shares Sold

172,471 

Total Proceeds from Selling Rump Shares

SAR 18.36 mln

Coverage Ratio (%)

7,011%

Average Share Price

SAR 106.44/share

Net Compensation for Rights & Fractional Shares Holders 

SAR 16.63 mln

Date of Depositing Shares in Shareholders Accounts

Dec. 30, 2021
 

The period of subscribing to the company's rights shares ended on Dec. 16, 2021, according to Argaam's data.

 

Subscription period started on Dec. 6, to increase the company’s capital from SAR 25 million to SAR 175 million, through a rights issue of 15 million shares at SAR 10 each.  

 

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