Logo of Naseej International Trading Co.

Naseej International Trading Co.’s rights issue shares were 95.85% subscribed, as subscribers injected SAR 143.78 million to subscribe to 14.38 million shares, the company said in a bourse filing.

 

Rights Issue Details

Number of rights issue shares

15 mln

Number of subscribed shares

14.38 mln

Subscription value

SAR 143.78 mln

Coverage ratio (%)

95.85%

Number of rump shares

621,770 

Period of offering rump shares

Nov. 24-25

 

The rump shares will be offered to a number of institutional investors, provided that those institutions bid for these shares. 

 

Rump shares will be allocated first to the institutional investors with the highest bids. The shares will be allocated proportionately to the institutional investors submitting the same offer. Fractional shares (if any) will be added to the rump shares and treated similarly. 

 

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