AI Summary
Mobile Telecommunication Company Saudi Arabia (Zain Saudi) remaining rights issue shares were 469.1% oversubscribed, with a total value of SAR 672.53 million from 59.56 million shares at SAR 11.29 per share, the company said in a bourse filing.
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Rights Issue Details |
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Number of rights issue shares |
450 mln shares |
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Number of remaining shares after the subscription period |
59.56 mln shares |
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Period of offering remaining shares |
Nov. 3-4, 2020 |
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Number of shares sold |
59.56 mln |
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Subscription ratio |
469.1% |
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Total amount from sale |
SAR 672.53 mln |
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Average price of shares sold |
SAR 11.29/share |
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Proceeds attributable to owners of priority rights and shares fractions |
SAR 76.88 mln |
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Date of shares deposit in |
Nov. 18, 2020 |
According to data compiled by Argaam, Zain Saudi recently announced that its rights issue was 86.76% subscribed, as subscribers injected SAR 3.904 billion in 390 million shares.
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Rights Issue Details |
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Number of rights issue shares |
450 mln shares |
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Number of subscribed shares |
390.4 mln shares |
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Subscription value |
SAR 3.904 bln |
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Subscription ratio |
86.76% |
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