One of Thimar’s branches
Thimar Development Holding Co. announced that its rump offering was 303.77% oversubscribed, according to a Tadawul statement today, Nov. 2.
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Rump Offering Details |
|
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Number of Shares Sold |
3.71 mln |
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Total Proceeds |
SAR 40.89 mln |
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Coverage Ratio (%) |
303.77% |
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Average Stock Price |
SAR 11.01/share |
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Net Compensation for Rights Issue & Fractional Shares |
SAR 3.75 mln |
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Date of Depositing Shares into Shareholders’ Accounts |
Nov. 6, 2023 |
Subscription to Thimar’s rights issue of 15 million shares at SAR 10 each, to increase capital from SAR 100 million to SAR 250 million, ran from Oct. 12-24, according to Argaam's data.
The offering was 75.24% covered, with 11.29 million new shares subscribed at SAR 112.87 million.
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