Al Sagr Cooperative Insurance Co. Announces the Results of Right Issues Trading and New Shares Subscription, and the details of Selling Unsubscribed Shares
| Element List | Explanation |
|---|---|
| Introduction | AlSgar Cooperative Insurance Company Announces the Results of Right Issues Trading, New Shares Subscription, and the Details of Selling Unsubscribed Shares |
| Total Number of Subscribed Shares out of the total Number of New Offered Shares | A number of (14,366,575) shares were subscribed from the new offered shares out of a total number of 16,000,000 shares. |
| Value of the Subscribed Shares | (143,665,750) Saudi Riyals |
| Coverage Percentage out of Total New Offered Shares (%) | 89.79 % |
| Remaining Offering Mechanism | Rump Shares will be offered at a minimum of the Offering Price to a number of Institutional Investors, and such Institutional Investors may submit offers to purchase the Rump Shares.
Rump Shares will be allocated to the Institutional Investors with the highest offer to the lowest (provided that it is not less than the offer price). The shares will be allocated proportionately to the Institutional Investors submitting the same offer. In the event that Institutional Investors have not subscribed to all Rump Shares, the remaining will be allocated to the Underwriter "Albilad Investment Company" (“Albilad Capital”) who will buy them at the Offering Price. |
| Remaining Offering Start Date | 2024-07-17 Corresponding to 1446-01-11 |
| Remaining Offering End Date | 2024-07-18 Corresponding to 1446-01-12 |
| Specification of the Remaining Offering Period Hours | The Rump Offering Period for the unsubscribed shares amounting to (1,633,425) shares, shall start at 10:00 am on Wednesday 11-01-1446 H corresponding to 17-07-2024 G and continue until 5:00 pm on Thursday 12-01-1446 H corresponding to 18-07-2024 G |
| Additional Information | Shareholders are welcomed to submit their inquiries during daily working hours from 8:00 am to 4:00 pm by communicating with the Investor Relations through one of the following means:
Any questions or quires should be communicated to Inventors Relations Department during daily working hours from 8:00 am to 4:00 pm, through one of the following means: Tel: 920001043 Ext: 260 You can also contact us by phone (8003040114) or email ([email protected]) to answer them |
Comments