Saudi Arabian Amiantit Co. Announces the Results of Remaining Offering and the Allotment of Right Issues

Saudi Arabian Amiantit Co. Announces the Results of Remaining Offering and the Allotment of Right Issues

Element List

Explanation

Introduction

Saudi Arabian Amiantit Company announces the rump offering and the final allocation of Rights Issue shares. By the end of the rump offering period, the shares bid for amounted to 556.15%

Number of Sold Shares

2871530

Total Proceeds of Selling Unsubscribed Shares

69,733,785.4 Saudi Riyals

Fractional Shares

2,184 Share

Average Price of Sold Shares

24.28 SAR Per Share

Net Compensation for Right Issues and Fraction Shares Owners

41,018,485.4 SAR

Date of Depositing the Shares into Shareholders Accounts

2024-03-21 Corresponding to 1445-09-11

Additional Information

The Company will receive the aggregate offer price collected from the rump offering. The remaining proceeds exceeding the offer price, if any, will be distributed to those entitled to it at latest on Thursday 09/10/1445H corresponding to 18/04/2023G Any questions or quires should be communicated to Inventors Relations Department by: Tel: 013-8471500 Extn. 1117 Or by email: [email protected]

Saudi Arabian Amiantit Co. Announces the Results of Remaining Offering and the Allotment of Right Issues