Logo of Al-Baha Investment and Development Co.
Al-Baha Investment and Development Co. announced that the rump offering was 568.7% oversubscribed, according to a bourse filing today, March 20.
|
Offering Details |
|
|
Number of Shares Sold |
1.26 mln |
|
Total Proceeds from Selling Rump Shares |
SAR 23.84 mln |
|
Coverage Ratio (%) |
568.7% |
|
Average Share Price |
SAR 18.85 |
|
Net Compensation for Rights Issue & Fraction Shareholders |
SAR 11.19 mln |
|
Date of Depositing Shares in Shareholders Accounts |
March. 23, 2022 |
The rights subscription period ended on March 10, according to data available with Argaam.
The subscription period began on Feb. 28, to increase the company’s capital from SAR 177 million to SAR 297 million, through a rights issue of 12 million shares at SAR 10 per share.
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