Alkhaleej Training says rump offering 778.9% oversubscribed

25/11/2021 Argaam

Logo of Alkhaleej Training and Education Co.

Alkhaleej Training and Education Co. announced that the rump offering was 778.9% oversubscribed, according to a bourse filing.

 

Offering Details

Number of Rump Shares

2.15 mln 

Total Proceeds

SAR 36.81 mln

Coverage Ratio (%)

778.9%

Average Share Price

SAR 17.12

Average Refunds & Fraction Shares

SAR 15.31 mln

Date of Depositing Shares in Shareholder Accounts

Dec. 2, 2021

 

The company’s rights subscription period ended on Nov. 18, 2021. Subscription period started on Nov. 8, to increase the company’s capital from SAR 450 million to SAR 650 million, through a rights issue of 20 million shares at SAR 10 per share.

 

Rights trading period, which also started on Nov. 8, ended on Nov. 15, according to Argaam.

 

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