Logo of Wataniya Insurance Co.
Wataniya Insurance Co.’s rump offering was 398.9% oversubscribed, according to a bourse filing.
|
Offering Details |
|
|
Number of Shares Sold |
3.35 mln |
|
Total Proceeds from Selling Rump Shares |
SAR 53.34 mln |
|
Coverage Ratio (%) |
398.9% |
|
Average Selling Price per Share |
SAR 15.9 |
|
Net Compensation for Holders of Rights & Fractional Shares |
SAR 15.9 mln |
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Date of Depositing Shares in Shareholders Accounts |
May 26, 2022 |
The subscription process to the company's rights shares ended on May 12, according to Argaam's data.
The subscription period started on April 25, to increase the company’s capital from SAR 200 million to SAR 400 million, through a rights issue of 20 million shares at SAR 10 each.
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