Edaa deposits Allianz SF’s subscribed securities today

16/07/2020 Argaam

 

The Securities Depository Center Co. (Edaa) deposits today, July 16, Allianz Saudi Fransi Cooperative Insurance Co. (Allianz SF) subscribed securities into the accounts of eligible securities’ holders, according to a bourse statement.

 

According to data compiled by Argaam, the subscription to Allianz SF’s new shares closed on July 2, and the rights issue was 93.76% subscribed, as subscribers injected SAR 375.04 million in 37.5 million shares.

 

The remaining rights issue shares were 539% oversubscribed, which was offered to institutional investors from July7-8, 2020.

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