Mobile Telecommunication Company Saudi Arabia (Zain Saudi) remaining rights issue shares were 469.1% oversubscribed, with a total value of SAR 672.53 million from 59.56 million shares at SAR 11.29 per share, the company said in a bourse filing.

 

Rights Issue Details

Number of rights issue shares

450 mln shares

Number of remaining shares after the subscription period

59.56 mln shares

Period of offering remaining shares

Nov. 3-4, 2020

Number of shares sold

59.56 mln

Subscription ratio

469.1%

Total amount from sale
of unsubscribed shares

SAR 672.53 mln

Average price of shares sold

SAR 11.29/share

Proceeds attributable to owners of priority rights and shares fractions

SAR 76.88 mln

Date of shares deposit in
shareholders’ accounts

Nov. 18, 2020

 

According to data compiled by Argaam, Zain Saudi recently announced that its rights issue was 86.76% subscribed, as subscribers injected SAR 3.904 billion in 390 million shares.

 

Rights Issue Details

Number of rights issue shares

450 mln shares

Number of subscribed shares

390.4 mln shares

Subscription value

SAR 3.904 bln

Subscription ratio

86.76%

 

For More IPOs  

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Zain Saudi rights issue 86.76% subscribed

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request