Alhokair Group says remaining shares 2,914.9% oversubscribed

15/08/2021 Argaam

Alhokair Group building

Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) said in a bourse statement that the rights issue remaining shares were 2,914.9% oversubscribed.

 

Rights Issue Details

Number of Offered Shares

1.56 mln

Total Proceeds

SAR 38.47 mln

Coverage Ratio (%)

2,914.9%

Average Price

SAR 24.62 / share

Net Refunds

SAR 22.84 mln

Date of Depositing Shares in Shareholders’ Accounts

Aug. 17, 2021

 

Alhokair Group’s rights subscription period ended Aug. 5, Argaam reported. 

 

Subscription started on July 26, to increase the company’s capital from SAR 343 million to SAR 650 million, through a rights issue of 30.7 million shares at SAR 10 per share.

 

Rights trading period, which also started on July 26, ended on Aug 2, 2021.

 

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