Enaya announces period of trading priority rights, subscribing to new shares begins on Thursday

Saudi Enaya Insurance Company announced on Tuesday the specification of the period for rights issue trading and new shares subscription. The right issues and new shares subscription period start date is 10/11/2022. The right issues trading period end date is 17/11/2022. The new shares subscription period end date is 22/11/2022.
It added that the holders of right Issues are allowed to exercise their right to subscribe in new shares (in full or in part) up to the number of right issues available in their portfolios, trading in right issues and subscription to new shares for registered shareholders and new investors shall be as per the prospectus.
With regard to the details of the remaining offering, the company alerts the investors that in the event that shares remain unsubscribed, those remaining shares and fractional shares (if any) will be offered to institutional investors according to what is mentioned in the prospectus, as will the Financial Advisor and Underwriter for the Offering “Al Wasatah Al Maliah Company (WASATAH CAPITAL)” shall undertake to underwrite the rights issue of Saudi Enaya Insurance Company in the event that the entire subscription is not fully covered.
Attention of Investors not willing to subscribe is drawn to the importance of selling the right issues they hold during the specified trading period to avoid the resulting decline in the value of their investment portfolios as a result of not benefiting from their rights, whether by way of sale or subscription.
The eligible shareholders are those who own shares at the end of the trading day of the Extraordinary General Assembly and whose names appear in the Company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the day of the Extraordinary General Assembly which was held on 06/11/2022.