Sadr Logistics Services Company announced that the priority rights subscription ratio reached 98.85%, and the value of the subscribed shares amounted to 148.3 million riyals.
According to Arabiya Net, the company said in a statement that 14.8 million new shares have been subscribed out of a total of 15 million shares.
The remaining shares will be offered to a number of institutional investors, provided that these institutions submit bids to purchase the remaining shares, and the remaining shares will be allocated to investment institutions, giving priority to the offer. The highest price, then the lowest, then the lowest (provided that it is not less than the offer price), provided that the shares are allocated proportionally to the investment institutions that offer the same offer.
In the event that there are shares not purchased by institutional investors, these shares will be allocated to the underwriter, who will buy them at the offering price.
The remaining offering will start on December 21, and end on December 22, and the remaining offering period for the unsubscribed shares, amounting to 172,471 shares, will start from Ten in the morning on Tuesday, and continue until five in the evening on Wednesday.
