Logo of Arabia Insurance Cooperative Co. (AICC)
Arabia Insurance Cooperative Co. (AICC) announced that the rump offering was 100% oversubscribed, according to a Tadawul statement today, Dec. 18.
|
Rump Offering Details |
|
|
Number of Shares Sold |
9.37 mln |
|
Total Proceeds from Selling Rump Shares |
SAR 93.68 mln |
|
Number of shares covered by investment institutions |
8.65 mln |
|
Coverage Ratio (%) |
92.33% |
|
Number of shares covered by the underwriter (Al Rajhi Capital) |
717,750 |
|
Coverage Ratio (%) |
7.67% |
|
Average Share Price |
SAR 10/share |
|
Net Compensation for Rights Issue & Fraction Shareholders |
-- |
|
Date of Depositing Shares in Shareholders Accounts |
Dec. 21 |
Arabia Insurance closed its rights offering on Dec. 8 to increase its capital from SAR 265 million to SAR 530 million.
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