Logo of Al Sagr Cooperative Insurance Co.
Rights Issue Details |
||
Offered Shares |
16 mln |
|
Offer Price |
SAR 10 |
|
Issue Size |
SAR 160 mln |
|
Eligibility Ratio |
Each registered shareholder shall have the right to subscribe to 1.1429 rights per share held |
|
Offering Proceeds (SAR mln) |
Increase statutory deposit |
9 |
Invest in debt instruments |
50 |
|
Increase bank deposits |
79 |
|
Replace insurance/financial operations technical system |
15 |
|
Estimated offering expenses |
7 |
|
Total |
160 |
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