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AYYAN Investment Co.’s rights trading and subscription to the new shares were 84.8% completed.
Rights Issue Details
Offered Shares
20 mln
Subscribed Shares
16.96 mln
Subscription Value
SAR 169.58 mln
Coverage Ratio
84.79%
Number of Remaining Shares
3.04 mln
Date of Offering Remaining Shares
July 29-30, 2024
For More IPOs
The remaining shares will be offered to a number of institutional investors who will submit offers to purchase these rump shares.
The rump shares will be allocated to institutional investors with the highest offers to the lowest (provided that it is not less than the offer price), with shares being allocated on a proportional basis.
If these rump shares are not fully subscribed, the remaining shares will be allocated to the underwriter, Alinma Investment, at the offer price.
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