Edaa deposits SAIB subscribed shares into shareholders accounts

09/09/2021 Argaam

Logo of The Saudi Investment Bank

The Securities Depository Center Co. (Edaa) deposited The Saudi Investment Bank’s (SAIB) subscribed securities into the accounts of eligible securities’ holders today, Sept. 9, according to a bourse statement.

 

SAIB’s rights issue subscription period for treasury shares closed on Aug. 26, according to data compiled by Argaam.

 

The rights trading and the treasury shares purchase period started on Aug. 16, by offering 75 million treasury shares at a price of SAR 13.50 per share.

 

The offering was 87% covered, with 65.24 million shares subscribed out of 75 million shares. The offering was 648% covered by the end of the rump offering period.

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