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Al Sagr Cooperative Insurance Co. Announces the Results of Remaining Offering and the Allotment of Right Issues
| Element List | Explanation |
|---|---|
| Introduction | Al Sagr Cooperative Insurance Company announces the results of the rump offering and the final allocation of Rights Issue shares. By the end of the rump offering period, the total bids amounted to an oversubscription of 608.7%, and the entire rump shares of 1,633,425 were sold fully. |
| Number of Sold Shares | 1633425 |
| Total Proceeds of Selling Unsubscribed Shares | 31,964,378 Saudi Riyals |
| Fractional Shares | 13,443 shares |
| Average Price of Sold Shares | 19.57 Saudi Riyals Per Share |
| Net Compensation for Right Issues and Fraction Shares Owners | 15,630,128 Saudi Riyals |
| Date of Depositing the Shares into Shareholders Accounts | 2024-07-25 Corresponding to 1446-01-19 |
| Additional Information | The Company will receive the aggregate offer price collected from the rump offering. The remaining proceeds exceeding the offer price will be distributed to those entitled to it no later than Monday 15-02-1446H corresponding to 19-08-2024G. 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: Tel: 920001043 Ext: 260 or email (Investor.Relation@alsagr.com) to answer them |
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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