Edaa deposits Raydan Food subscribed securities into shareholders’ portfolios today

02/09/2021 Argaam

A branch of Raydan Food Co.

The Securities Depository Center Company (Edaa) deposited today, Sept. 2, the subscribed securities of Raydan Food Co. into the accounts of eligible securities’ holders.

 

According to data compiled by Argaam, the company offered, in July, 11.25 million shares at SAR 10 per share, with a total value of SAR 112.5 million, in order to increase its capital from SAR 225 million to SAR 337.5 million.

 

The coverage ratio for the shares was 97.26% through subscribing to 10.94 million shares out of 11.25 million shares, while the coverage ratio for the remaining offering amounted to 1,822.3%.

 

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