Edaa deposits Thimar subscribed securities today

06/11/2023 Argaam

Edaa deposits Thimar subscribed securities today

One of Thimar’s branches

The Securities Depository Center Co. (Edaa) deposited today, Nov. 6, the subscribed securities of Thimar Development Holding Co. into the accounts of eligible shareholders, according to a Tadawul filing.

 

According to data compiled by Argaam, Thimar offered 15 million shares at a nominal value of SAR 10 per share to increase its capital by 150%, or SAR 150 million, from SAR 100 million to SAR 250 million.

 

The offering was 75.24% covered, with 11.29 million new shares subscribed at SAR 112.87 million, while the rump offering was 303.77% oversubscribed.

 

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