Amana Cooperative Insurance Co.’s rights issue was 75.02 percent subscribed as investors bought a total of 7.5 million shares worth SAR 75.02 million, the insurer said in a statement to Tadawul.
The remaining shares will be offered to institutional investors on Tuesday Feb. 19 until Wednesday Feb. 20.
Priority will be given to the highest offers, and pro-rata basis will be applied to equal offers.
Unsubscribed shares will be allocated for the underwriters to buy them at the offering price.
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