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AXA rights issue 73.1% covered till eighth day

AXA rights issue 73.1% covered till eighth day
Photo Credit: Arabianeye-Reuters
GIG
8250
34.30% 39.35 10.05

The rights issue of AXA Cooperative Insurance has been 73.1% subscribed until the end of the eighth day, said Saudi Fransi Capital, the offering’s financial advisor, lead manager and underwriter.   

The receiving entities started to receive the subscription applications from retail investors as of Tuesday, February 17.

The first phase will continue until Thursday, February 26 at SAR 10 per share.

The second phase will run from Sunday, March 1 until Tuesday, March 3.

Photo Credit: Arabianeye-Reuters