During today’s trading, Monday, Atheeb Telecom Company’s stock witnessed a positive performance, during which it was able to lead the most active stocks in terms of liquidity, and it also touched its highest levels in more than 12 years.
By 12:20 Riyadh time, the stock's performance rose by about 3.63%, with gains of 3.80 riyals, reaching 114.20 riyals, which is the highest level for the stock since 2012.
The stock led the liquidity by about 407.085 million riyals, through 3.53 million shares, distributed over 12.31 thousand transactions.
The stock's rise coincides with the recent announcement of the distribution of compensation amounts to holders of priority rights who did not exercise their right to subscribe to new shares.
On March 24, the company said that the total amount to be distributed to eligible persons who did not exercise their right to subscribe and those entitled to fractions is 67.39 million riyals.
On February 27, 2024, Etihad Atheeb Telecommunications Company announced the results of the priority rights trading and subscription to new shares and details of the process of selling unsubscribed shares.
The company revealed that the subscription amounted to 24.12 million shares, at a value of 241.23 million riyals, out of a total of 25 million shares, with a coverage rate of 96.49%.
Meanwhile, the Saudi Stock Exchange's general index, TASI, recorded gains of 0.91%, reaching 12,783.29 points, gaining about 111.30 points, through trading of 189.5 million shares, worth 5.14 billion riyals, distributed over 329,500 transactions.
