Saudi Fisheries rights issue 84.11% subscribed

21/06/2020 Argaam

 

Saudi Fisheries Co.’s rights issue was 84.11% subscribed, as investors bought a total of 25.14 million shares worth SAR 251.4 million, the company said in a statement to Tadawul on Sunday.

 

The remaining 4.75 million shares will be offered to institutional investors from June 23-24.

 

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 underwrites to buy them at the offering price, the statement added.

 

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