Alinma Tokio Marine's rights issue 61% subscribed by fifth day

Alinma Tokio Marine Company’s rights issue was 61 percent subscribed by the end of Saturday, its fifth day, the insurer said in a statement.

The first stage of the rights issue, which is open to registered shareholders, started Tuesday, August, and will continue to Thursday, August 20. The second round, however, will be held August 23-August 25.

Alinma Tokio is offering 25 million shares at SAR 10 per share to raise its capital from SAR 200 million to SAR 450 million, according data previously reported by Argaam.