AI Summary
SIDC to conclude rump offering on Nov. 30
Saudi Industrial Development Co. (SIDC) announced today, Nov. 25, the results of the rights issue trading and new shares subscription, as well as the details of the rump offering, as follows:
|
Offering Details |
|
|
Number of Offered Shares |
16.50 mln |
|
Number of Subscribed Shares |
11.08 mln |
|
Value of Subscribed Shares |
SAR 110.80 mln |
|
Coverage Ratio (%) |
67.15% |
|
Number of Rump Shares |
5.42 mln |
|
Date of Rump Offering |
Nov. 27-30, 2025 |
Rump shares will be offered to a number of institutional investors. Moreover, they will be allocated to institutional investors of the highest to lowest bid (provided that they will not lower than the offering price). Shares will be allocated pro rata to institutional investors, making the same offer.
If institutional investors have not subscribed to all the rump shares, the offering under writer will subscribe to the remaining shares at the offering price.
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