Bank Aljazira’s remaining shares after rights issue sold for SAR 341 mln

Bank Aljazira’s total revenue after selling 30,340,853 shares at an average price of SAR 11.24 per share, came out to around SAR 341.02 million, the bank said in a statement to Tadawul on Wednesday.

Rights issue holders’ net amount of compensations reached about SAR 37.61 million.

The shares will be deposited into the shareholders’ accounts later, the statement added.

Bank Aljazira began its rights issue last month to raise capital to SAR 8.2 billion from SAR 5.2 billion. The subscription period ran from March 25 to April 1.