Wafrah for Industry and Development Co. announced that the rump offering was 330.7% oversubscribed, according to a bourse filing today, July 17.
|
Offering Details |
|
|
Number of Shares Sold |
3.42 mln |
|
Total Proceeds from Selling Rump Shares |
SAR 90.58 mln |
|
Coverage Ratio (%) |
330.7% |
|
Average Share Price |
SAR 26.45 |
|
Net Compensation for Rights Holders & Fractional Shares |
SAR 56.33 mln |
|
Date of Depositing Shares in Shareholders Accounts |
July 20, 2022 |
The rights subscription period ended on June 30, according to data available with Argaam.
The subscription period started, on June 20, to increase capital by 200% to SAR 231.51 million from SAR 77.17 million.
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