Logo of Amana Cooperative Insurance Co.
Amana Cooperative Insurance Co.’s rights trading period ends today, June 13.
Rights trading period started on June 6, to increase the company’s capital from SAR 130 million to SAR 430 million through a rights issue of 30 million shares at a total of SAR 300 million.
Subscription period, which also started on June 6, will continue until June 16.
Rights issue holders are allowed to exercise their right to subscribe to new shares (in full or in part) up to the number of shares available in their portfolios.
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Capital Increase Highlights |
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Current capital |
SAR 130 mln |
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Number of shares |
13 mln |
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Capital increase (%) |
231% |
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Capital after increase |
SAR 430 mln |
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Number of shares after increase |
43 mln |
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Rights Issue Highlights |
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Number of shares offered |
30 mln |
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Offer price |
SAR 10 |
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Issue size |
SAR 300 mln |
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Eligibility coefficient |
Nearly 2.3 right for every share held |
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Rights trading period |
June 6-13 |
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Subscription to new shares |
June 6-16 |
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Record date |
May 29 |
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Rights issue proceeds |
Investment |
SAR 249.2 mln |
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Increasing statutory deposit |
SAR 45.0 mln |
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Offering fees |
SAR 5.8 mln |
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