Logo of Saudi Enaya Cooperative Insurance Co.
Saudi Enaya Cooperative Insurance Co. announced that the rump offering was 100% oversubscribed, according to a Tadawul statement today, Dec. 1.
A total of 1.12 million shares (22.47%) were covered by institutional investors during the rump offering period.
Another 3.86 million shares (77.53%) were covered by the underwriter, Wasatah Capital.
The company added that unpurchased shares were allocated to the underwriter. As a result, Wasatah Capital's ownership in Saudi Enaya will become 16.80%.
|
Offering Details |
|
|
Number of Shares Sold |
4.98 mln |
|
Total Proceeds from Selling Rump Shares |
SAR 49.87 mln |
|
Coverage Ratio (%) |
100% |
|
Average Share Price |
SAR 10.01/share |
|
Net Compensation for Rights Issue & Fraction Shareholders |
SAR 28,350 |
|
Date of Depositing Shares in Shareholders Accounts |
Dec. 5, 2022 |
Subscription to the insurer's rights issue shares ended on Nov. 22, with a 61.66% coverage ratio.
During the subscription period, which began on Nov. 10, Saudi Enaya offered 13 million shares at SAR 10 each, totaling SAR 130 million. This was to increase capital from SAR 100 million to SAR 230 million.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}