Logo of Wafrah for Industry and Development Co.
The Securities Depository Center Co. (Edaa) announced the deposit of Wafrah for Industry and Development Co.’s subscribed securities into the accounts of eligible shareholders today, July 20, according to a bourse filing.
Wafrah recently offered 15.43 million rights issue shares at SAR 10 each, totaling SAR 154.3 million, to increase capital from SAR 77.17 million to SAR 231.51 million. The offering was 77.81% subscribed, as investors subscribed to 12.01 million out of 15.43 million shares. The rump offering was 330.7% oversubscribed, according to data available with Argaam.
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