Anaam International Holding Group’s rights issue shares were 89.1% subscribed, as subscribers injected SAR 80.2 million to subscribe to 8.02 million shares, the company said in a bourse filing.
The remaining shares will be reoffered to institutional investors on a pro rata basis from Nov. 17-18, 2020.
Anaam’s rights subscription period ended Nov. 12, 2020, Argaam reported.
The subscription started on Nov. 2, to increase the company’s capital from SAR 15 million to SAR 105 million, through a rights issue of nine million shares at SAR 10 per share.
Rights trading period, which also started on Nov. 2, ended on Nov. 9, 2020.
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Rights Issue Details |
|
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Number of rights issue shares |
9 mln shares |
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Number of subscribed shares |
8.02 mln shares |
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Subscription value |
SAR 80.2 mln |
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Coverage ratio (%) |
89.1% |
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Number of remaining shares |
980,700 shares |
|
Period of offering remaining shares |
Nov. 17-18, 2020 |
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