A branch of Raydan Food
Raydan Food Co. said that the rights issue remaining shares were 1,822.3% oversubscribed, according to a bourse filing.
|
Rights Issue Details |
|
|
Number of Sold Shares |
307,781 |
|
Total Proceeds from Selling Unsubscribed Shares |
SAR 8.34 mln |
|
Coverage ratio (%) |
1,822.3% |
|
Average Price of Sold Shares |
SAR 27.09 |
|
Net Compensation for Rights Issue, Fraction Shares Owners |
SAR 5.26 mln |
|
Date of Depositing Shares in Eligible Accounts |
Sept. 2, 2021 |
According to data compiled by Argaam, subscription period for the rights issue of Raydan ended on Aug. 19, and the coverage ratio at the end of the offering was 97.26%.
Subscription period began on Aug. 9, by offering 11.25 million shares of rights issue at a price of SAR 10 per share, with a total value of SAR 112.5 million, in order to increase its capital from SAR 225 million to SAR 337.5 million.
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