Savola: Coverage rate for the remaining offering and allocation of priority rights shares reach 814.2%

Savola Group Company (Savola) announced the results of the remaining offering and allocation of priority rights shares, where the coverage rate at the end of the remaining offering period reached 814.2%, where the total amount returned from the sale of unsubscribed shares amounted to 943.45 million riyals.

The company said in a statement today on “Tadawul” that the number of shares sold was 35.1 million shares, while the fractional shares amounted to 37,827 shares, with an average selling price for the shares sold of 26.88 riyals.

The company added that it will receive the total offering price obtained from the sale of the remaining shares, while the remaining proceeds (exceeding the offering price) will be distributed to those entitled to them, each according to what he deserves, no later than Sunday, October 13.