Saudi Paper says rump offering 381.48% oversubscribed

13/11/2022 Argaam

Saudi Paper Manufacturing Co. (SPM) announced that the rump offering was 381.48% oversubscribed, according to a statement to Tadawul.

 

Offering Details

Number of Shares Sold

1.079 mln 

Total Proceeds from Selling Rump Shares

SAR 25.538 mln

Coverage Ratio (%)

381.48%

Average Selling Price per Share

SAR 23.67

Net Compensation for Holders of Rights & Fractional Shares 

SAR 14.747 mln

Date of Depositing Shares in Shareholders Accounts

Nov. 16, 2022
 

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