Amana’s rights issue 75% subscribed

17/02/2019 Argaam

 

Amana Cooperative Insurance Co.’s rights issue was 75.02 percent subscribed as investors bought a total of 7.5 million shares worth SAR 75.02 million, the insurer said in a statement to Tadawul.

 

The remaining shares will be offered to institutional investors on Tuesday Feb. 19 until Wednesday Feb. 20.

 

Priority will be given to the highest offers, and pro-rata basis will be applied to equal offers.

 

Unsubscribed shares will be allocated for the underwriters to buy them at the offering price. 

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