Logo of AYYAN Investment Co.
AYYAN Investment Co. announced that the rump offering of its rights issue was 648.28% oversubscribed, according to a statement to Tadawul today, Aug. 4.
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Offering Details |
|
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Number of Shares Sold |
3.04 mln |
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Total Rump Offering Proceeds |
SAR 47.12 mln |
|
Coverage Ratio (%) |
648.28% |
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Average Price/Share Sold |
SAR 15.49/share |
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Net Compensation for Holders of Rights & Fractional Shares |
SAR 16.70 mln |
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Date of Depositing Shares into Shareholders Accounts |
Aug. 6, 2024 |
Subscription to the rights issue ended on July 24, according to Argaam's data.
During the subscription period, which began on July 14, the company offered 20 million shares at SAR 10 each, totaling SAR 200 million, to increase capital by 24.8% from SAR 806.36 million to SAR 1 billion.
The subscription coverage reached 84.8% of the total offered shares, with 16.96 million out of 20 million new shares subscribed at a value of SAR 169.58 million.
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