‎AYYAN rights issue 84.8% subscribed

Logo of AYYAN Investment Co.

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.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/article/articledetail/id/1743513