Logo of Saudi Enaya Cooperative Insurance Co.
Saudi Enaya Cooperative Insurance Co.’s rights subscription period ends today, Nov. 22.
Subscription period started on Nov. 10 to increase the company’s capital from SAR 100 million to SAR 230 million, through a rights issue of 13 million shares at SAR 10 per share at a total of SAR 130 million.
Rights trading period, which also started on Nov. 10, ended on Nov. 17.
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Capital Increase Details |
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Current capital |
SAR 100 mln |
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Number of shares |
10 mln |
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Capital increase (%) |
130% |
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Capital after increase |
SAR 230 mln |
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Number of shares after increase |
23 mln |
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Key Highlights of Rights Issue |
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Number of offered shares |
13 mln |
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Offering price |
SAR 10/share |
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Offering size |
SAR 130 mln |
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Eligibility ratio |
Nearly 1.3 rights for every share |
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Record date |
Nov. 6 and shareholders registered with Edaa on the second trading day following the extraordinary general meeting (EGM) date |
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Proceeds |
Bank deposits |
SAR 53.8 mln |
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Investment funds |
SAR 26.9 mln |
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Bonds and sukuk |
SAR 26.9 mln |
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Statutory deposit |
SAR 12.0 mln |
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Offering cost |
SAR 10.4 mln |
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Total |
SAR 130 mln |
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