Tadawul deposits Walaa shares into investor portfolios

31/05/2015 Argaam

The Saudi Stock Exchange (Tadawul) said on Sunday that it has deposited rights issue shares of Saudi United Cooperative Insurance Company (Walaa) into the portfolios of relevant investors.

 

Walaa recently offered 20 million shares at about SAR 12 per share. By the second round of its offering, its rights issue was 707.4 percent oversubscribed after institutional investors bought 3.7 million remaining shares individually priced at SAR 14.85, according to data reported by Argaam on Thursday. 

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