Anaam International Holding Group Company “Anaam Holding” announced the results of the remaining offering and the allotment of rights shares, with a coverage ratio at the end of the remaining offering period of 311.79%.
Anaam Holding said in a statement on the Saudi Tadawul today, Monday, that the total amount returned from the sale of unsubscribed shares is about 67.79 million riyals, with an average selling price of 26.55 riyals per share.
It added that the net amount of compensation belonging to the owners of priority rights and fractions of shares amounted to about 42.26 million riyals.
The date of depositing the shares in the shareholders’ accounts is June 16, 2022.
Anaam Holding explained that the reason for the difference in the number of unsubscribed shares, amounting to about 2.665 million shares, which was disclosed by the company’s announcement on the Saudi Tadawul Group website, about the number of shares sold, amounting to about 2.553 million shares, is due to the modification of the number of shares sold. Shares after matching with the receiving parties, based on the statement of the financial advisor of the company “Wasata Capital” and the IPO manager of the company, Al Nefaie Investment Group.