Logo of Saudi Enaya Cooperative Insurance Co.
Saudi Enaya Cooperative Insurance Co. announced today, Nov. 24, the results of right issue trading and new shares subscription, as well as the details of the unsubscribed shares sale.
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Details |
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Number of offered shares |
13 mln |
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Number of subscribed shares |
8.02 mln |
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Value of subscribed shares |
SAR 80.15 mln |
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Coverage ratio (%) |
61.66% |
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Number of remaining shares |
4.98 mln |
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Date of reoffering of remaining shares |
Nov. 27-28, 2022 |
Rump shares will be offered to a number of institutional investors, provided those institutions submit purchase offers, the company said in a statement to Tadawul.
The remaining shares will be allocated to institutional investors pro rata. Unsubscribed shares will be offered to the underwriter at the offering price.
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