Logo of Amana Cooperative Insurance Co.
Amana Cooperative Insurance Co.’s rights subscription period ends today, June 16.
Subscription period started on June 6 to increase the company’s capital from SAR 130 million to SAR 430 million through a rights issue of 30 million shares at a total of SAR 300 million, or SAR 10 per share.
Rights trading period ended on June 13.
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Capital Increase Highlights |
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Current capital |
SAR 130 mln |
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Number of shares |
13 mln |
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Capital increase (%) |
231% |
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Capital after increase |
SAR 430 mln |
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Number of shares after increase |
43 mln |
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Rights Issue Highlights |
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Number of shares offered |
30 mln |
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Offer price |
SAR 10 |
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Issue size |
SAR 300 mln |
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Eligibility coefficient |
Nearly 2.3 right for every share held |
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Rights trading period |
June 6-13 |
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Rights subscription period |
June 6-16 |
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Record date |
May 29 |
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Rights issue proceeds |
Investment |
SAR 249.2 mln |
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Increasing statutory deposit |
SAR 45.0 mln |
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Offering costs |
SAR 5.8 mln |
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