Saudi Arabian Amiantit Co. Announces the Results of Right Issues Trading and New Shares Subscription, and the details of Selling Unsubscribed Shares
- Date: 11-Mar-2024
- Source: Mubasher
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi Arabian Amiantit Co. Announces the Results of Right Issues Trading and New Shares Subscription, and the details of Selling Unsubscribed Shares
Element List
Explanation
Introduction
Saudi Arabian Amiantit Company Announces the Results of Right Issues Trading and New Shares Subscription, and the details of Selling Unsubscribed Shares.
Total Number of Subscribed Shares out of the total Number of New Offered Shares
A number of 31,778,470 shares were subscribed from the new offered shares out of total number of (34,650,000) shares.
Value of the Subscribed Shares
317,784,700 Saudi Riyals
Coverage Percentage out of Total New Offered Shares (%)
91.71 %
Remaining Offering Mechanism
Rump Shares will be offered at a minimum of the Offering Price to a number of Institutional Investors, and such Institutional Investors shall submit offers to purchase the Rump Shares. Rump Shares will be allocated to the Institutional Investors with the highest bid, then the lowest and the lowest. The shares will be allocated proportionately to the Institutional Investors submitting the same offer. In the event that Institutional Investors have not subscribed in all the Rump Shares, the remaining will be allocated to the underwriter who will buy them at the Offering Price.
Remaining Offering Start Date
2024-03-13 Corresponding to 1445-09-03