Wafrah rump offering 330.7% oversubscribed

17/07/2022 Argaam

Wafrah for Industry and Development Co. announced that the rump offering was 330.7% oversubscribed, according to a bourse filing today, July 17.

 

Offering Details

Number of Shares Sold

3.42 mln

Total Proceeds from Selling Rump Shares

SAR 90.58 mln

Coverage Ratio (%)

330.7%

Average Share Price

SAR 26.45

Net Compensation for Rights Holders & Fractional Shares 

SAR 56.33 mln

Date of Depositing Shares in Shareholders Accounts

July 20, 2022

 

The rights subscription period ended on June 30, according to data available with Argaam.

 

The subscription period started, on June 20, to increase capital by 200% to SAR 231.51 million from SAR 77.17 million.

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