Edaa deposits NADEC subscribed securities for rights issue today

04/12/2023 Argaam

Edaa deposits NADEC subscribed securities for rights issue today

Logo of National Agricultural Development Co. (NADEC)

The Securities Depository Center Co. (Edaa) announced the deposit of National Agricultural Development Co.’s (NADEC) subscribed securities for the rights issue into the accounts of eligible shareholders today, Dec. 4, according to a Tadawul filing.

 

According to data compiled by Argaam, NADEC offered 200 million shares at SAR 10 per share for a total of SAR 2 billion to raise its capital from SAR 1.01 billion to SAR 3.01 billion. 

 

The rights issue was 80.73% covered, whereas 161.47 million shares out of 200 million newly offered shares were subscribed, at a value of SAR 1.61 billion. The rump offering of its rights issue was 542.4% covered. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read