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Logo of Batic Investments and Logistics Co.
Batic Investments and Logistics Co. announced that the rump offering was 406.2% oversubscribed, according to a bourse filing.
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Offering Details |
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Number of Shares Sold |
4.53 mln |
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Total Proceeds from Selling Rump Shares |
SAR 97.5 mln |
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Coverage Ratio (%) |
406.2% |
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Average Share Price |
SAR 21.52 |
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Net Compensation for Rights & Fractional Shares Holders |
SAR 52.18 mln |
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Date of Depositing Shares in Shareholders Accounts |
Jan. 6, 2022 |
The period of subscribing to the company's rights shares ended on Dec. 23, 2021, to increase capital by 100% from SAR 300 million to SAR 600 million, through a rights issue of 30 million shares at SAR 10 per share, granting each registered shareholder on the record date one right for every share held, according to Argaam's data.
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