Logo of Al-Omran Industries and Trading Co.
Al-Omran Industrial Trading Co. announced today, Nov. 28, the results of rights trading and subscription to new shares, as well as the details of the rump offering.
Subscription Details
Number of offered shares
6 mln
Shares subscribed
5.71 mln
Value of shares subscribed
SAR 57.19 mln
Coverage
95.31%
Shares remaining
0.28 mln
Unsubscribed shares sale date
Nov. 29-30, 2023
Rump shares will be offered to a number of institutional investors, provided the institutions submit purchase offers for such shares, Al-Omran said in a statement to Tadawul. Rump shares will be allocated to institutional investors pro rata.
The remaining shares, if any, will be allocated to the underwriter, Alinma Investment Co., who will buy them at the offering price, the statement noted.
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