Batic compensates rights issue owners for unsubscribed shares today

13/01/2022 Argaam

Batic Investments and Logistics Co. will start today, Jan. 13, distributing a total of SAR 52.18 million as compensation to rights issue owners who did not exercise their rights to subscribe to the new shares.

 

On Jan. 2, Batic announced that the rump offering was 406.2% oversubscribed.

 

More than 4.53 million shares were subscribed, valued at SAR 97.5 million, according to data compiled by Argaam.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.