SALAMA
8050
-1.29%
34.30
-0.45
8050
Riyadh-Mubasher: The last phase in Salama Cooperative Insurance rights issue was 751% oversubscribed, said NCB Capital, the financial advisor, lead manager and underwriter.
This phase saw subscription to 1.19 million shares (the remaining and fractional shares) at a total value of SAR 17.2 million, the insurer said in a bourse statement.
The average sale price reached SAR 14.46 per share.
Salama added that 13.81 million shares were bought at a total value of SAR 138.1 million during the first and second phases of its rights issue, with a coverage ratio of 92%.
Source:
Mubasher