Logo of Amana Cooperative Insurance Co.

Amana Cooperative Insurance Co.’s rights subscription period ends today, June 16.

 

Subscription period started on June 6 to increase the company’s capital from SAR 130 million to SAR 430 million through a rights issue of 30 million shares at a total of SAR 300 million, or SAR 10 per share.

 

Rights trading period ended on June 13.

 

Capital Increase Highlights

Current capital

SAR 130 mln

Number of shares

13 mln

Capital increase (%)

231%

Capital after increase

SAR 430 mln

Number of shares after increase

43 mln 
 

Rights Issue Highlights

Number of shares offered

30 mln

Offer price

SAR 10

Issue size

SAR 300 mln

Eligibility coefficient

Nearly 2.3 right for every share held

Rights trading period

June 6-13

Rights subscription period

June 6-16

Record date

May 29

Rights issue proceeds

Investment

SAR 249.2 mln

Increasing statutory deposit

SAR 45.0 mln

Offering costs

SAR 5.8 mln
 

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