Edaa deposits subscribed shares of Takween into shareholder accounts

14/03/2024 Argaam
Logo ofTakween Advanced Industries Co.

Logo of Takween Advanced Industries Co.

The Securities Depository Center Co. (Edaa) announced that it deposited today, March 14, the subscribed shares of Takween Advanced Industries into shareholder accounts.

 

The company offered 30 million shares at SAR 10 each to increase capital by way of a SAR 300 million rights issue to SAR 764.65 million, Argaam earlier reported.

 

For More IPOs

 

The rights issue was 77.37% covered. Investors subscribed to 23.21 million new shares at a total value of SAR 232.1 million. The rump offering was 280.61% oversubscribed.

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