Saudi Paper to compensate rights issue owners for unsubscribed shares

14/01/2021 Argaam

Saudi Paper Manufacturing Co. (SPM) announced, in a bourse filing, a total of SAR 26.5 million will be distributed today, Jan. 14, 2021, as compensation to rights issue owners who did not exercise their rights to subscribe to the new shares.

 

The amount will be deposited in the bank accounts of eligible investors.

 

On Dec. 27, 2020, the company announced that more than 9.4 million shares were subscribed, valued at SAR 94.04 million, from the offer of 10 million new shares.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.