AI Summary
ACWA Power Building
ACWA Power Co. announced the results of the rump offering and allocation of rights issue shares, with the rump tranche oversubscribed by 592% at the end of the subscription period, according to a statement.
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Rump Offering Coverage Details |
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Number of Shares Sold |
1.28 mln |
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Total Rump Offering Proceeds |
SAR 282.55 mln |
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Coverage Ratio (%) |
592% |
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Fractional Shares |
52,160 shares |
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Avg. Sale Price |
SAR 221.54 |
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Net Compensation for Holders of Rights & Fractional Shares |
SAR 14.71 mln |
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Date of Depositing Shares into Shareholders Accounts |
July 30, 2025 |
ACWA Power announced that it would receive the total proceeds from the rump share sale, while the surplus over the offer price will be distributed to entitled shareholders by a maximum of Aug. 5, 2025.
The company recently completed its rights trading and subscription period, during which 32.65 million shares were subscribed out of 33.93 million offered, representing a 96.2% subscription rate.
The subscription period began on July 6, offering 33.93 million ordinary shares at SAR 210 each as part of a SAR 7.13 billion rights issue.
The capital increase will raise ACWA Power’s capital by 4.63%, from SAR 7.32 billion (732.56 million shares) to SAR 7.66 billion (766.49 million shares).
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