Logo of Al-Omran Industries and Trading Co.
Al-Omran Industrial Trading Co. announced today, Nov. 28, the results of rights trading and subscription to new shares, as well as the details of the rump offering.
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Subscription Details |
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Number of offered shares |
6 mln |
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Shares subscribed |
5.71 mln |
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Value of shares subscribed |
SAR 57.19 mln |
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Coverage |
95.31% |
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Shares remaining |
0.28 mln |
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Unsubscribed shares sale date |
Nov. 29-30, 2023 |
Rump shares will be offered to a number of institutional investors, provided the institutions submit purchase offers for such shares, Al-Omran said in a statement to Tadawul. Rump shares will be allocated to institutional investors pro rata.
The remaining shares, if any, will be allocated to the underwriter, Alinma Investment Co., who will buy them at the offering price, the statement noted.
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