Saudi Enaya announces Rump offering Results, Allocation of ‎Rights Issue Shares

Saudi Enaya Insurance Company announces the rump offering and the final allocation of Rights Issue shares. By the end of the rump offering period, the shares bid for amounted to %100 as follows:

– Number of (1,120,000) shares (22.47%) were covered by Institutional Investors during the rump offering period

– A number of (3,864,501) shares (77.53%) were covered by the underwriter )Wasatah Capital).

Number of Sold Shares: 4984501

Total Proceeds of Selling Unsubscribed Shares: 49,873,360 SAR

Average Price of Sold Shares: 10.01 SAR Per Share

Net Compensation for Right Issues and Fraction Shares Owners: 28,350 SAR

Date of Depositing the Shares into Shareholders Accounts: 2022-12-05 Corresponding to 1444-05-11

Additional Information:

– A number of (13,000,000) new shares offered during the Rights Issue process for the Company’s Capital Increase.

– A number of (8,015,499) shares were covered during the Trading and Subscription period.

– Unpurchased shares were allocated to the Underwriter (Wasatah Capital (. As a result, Wasatah Capital’s ownership will become 16.80%.