Logo of Sadr Logistics
Sadr Logistics Co.’s rights issue was 98.85% covered, as subscribers injected SAR 148.28 million in 14.83 million new shares, the company said in a bourse filing.
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Rights Issue Details |
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Number of rights issue shares |
15 mln |
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Number of subscribed shares |
14.83 mln |
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Subscription value |
SAR 148.28 mln |
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Coverage ratio (%) |
98.85% |
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Number of rump shares |
172,471 |
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Rump offer period |
Dec. 21-22, 2021 |
The rump shares will be offered to a number of institutional investors, provided that those institutions bid for these shares.
Rump shares will be allocated first to the institutional investors with the highest bids. The shares will be allocated proportionately to the institutional investors submitting the same offer. Fractional shares (if any) will be added to the rump shares and treated similarly.
The rump offer for 172,471 shares will start from 10am on Dec. 21, until 5pm on Dec. 22.
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