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Walaa Cooperative Insurance Co. Announces an update on The Board of Directors’ recommendation to increase the capital by offering of Rights Issue.
8060
WALAA
1.23
%
1445/08/16 26/02/2024 09:04:18
| Element List | Explanation |
|---|---|
| Introduction | With reference to Company's announcement dated on 18/09/2023G (corresponding to 03/03/1445H) regarding the Board of Directors’ recommendation to increase the capital by offering of Rights Issue. After discussing the Rights Issue with the financial advisor, the board of directors decided on 25/2/2024G (corresponding to 15/8/1445H) to amend its recommendation to the Extraordinary General Assembly regarding the increase of the company’s capital by offering of Rights Issue and change the offering amount to SAR (467.5) million instead of SAR (425) million, through offering a total of 42.5 million ordinary shares of a nominal value of SAR (10) per share, with an offer price of SAR (11) per share. |
| Previous Announcement | The Board of Directors’ recommendation to increase the capital by offering of Rights Issue. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-09-18 Corresponding to 1445-03-03 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Amend the the board of directors recommendation to the Extraordinary General Assembly regarding the increase of the company’s capital by offering of Rights Issue and change the offering amount to SAR (467.5) million instead of SAR (425) million, through offering a total of 42.5 million ordinary shares of a nominal value of SAR (10) per share, with an offer price of SAR (11) per share. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 9.88
Net Change 0.12 (+1.23%)
Value Traded (Sar) 2,986,740.48
Volume Traded 304,660
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