Logo of Al-Omran Industrial Trading Co.
Al-Omran Industrial Trading Co. announced today, Dec. 5, that the rump offering of its rights issue was 627.67% oversubscribed, according to a statement to Tadawul.
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Offering Details |
|
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Number of Shares Sold |
281,280 |
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Total Rump Offering Proceeds |
SAR 9.47 mln |
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Coverage Ratio (%) |
627.67% |
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Average Price/Share Sold |
SAR 33.66/share |
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Net Compensation for Rights Issue & Fraction Shareholders |
SAR 6.66 mln |
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Date of Depositing Shares into Shareholders Accounts |
Dec. 7, 2023 |
Subscription to the rights issue ended on Nov. 26, according to Argaam's data.
During the subscription period, which began on Nov. 14, the company offered 6 million shares at SAR 10 each, totaling SAR 60 million, to increase capital from SAR 60 million to SAR 120 million.
The subscription coverage reached 95.31% of the total offered shares, with 5.71 million out of 6 million new shares subscribed at a value of SAR 57.19 million.
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