Logo of Allied Cooperative Insurance Group
Allied Cooperative Insurance Group (ACIG) rights trading period ends today, Jan. 10.
Rights trading period started on Jan. 3, to increase the company’s capital from SAR 141 million to SAR 291 million.
Subscription period, which also started on Jan. 3, will continue until Jan. 13.
Rights issue holders are allowed to exercise their right to subscribe to new shares (in full or in part) up to the number of shares available in their portfolios.
|
Capital Increase Details |
|
|
Current capital |
SAR 141 mln |
|
Number of shares |
14.1 mln |
|
Capital increase % |
106% |
|
Capital after increase |
SAR 291 mln |
|
Number of shares after increase |
29.1 mln |
|
Rights Issue Highlights |
||
|
Number of offered shares |
15 mln |
|
|
Offering price per share |
SAR 10 |
|
|
Issuance size |
SAR 150 mln |
|
|
Record date |
Dec. 29, 2021 (Shareholders of record at Edaa by the close of trading on the second trading day following the extraordinary general meeting (EGM) date) |
|
|
Rights coefficient |
1.06 rights for each share held |
|
|
Rights trading period |
Jan. 3-10 |
|
|
Rights subscription period |
Jan. 3-13 |
|
|
Use of rights issue proceeds |
Financial investments |
SAR 124.5 mln |
|
Statutory deposit |
SAR 22.5 mln |
|
|
Issue costs |
SAR 3 mln |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}