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 |
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 |
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% |
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