PIF fully subscribes to Saudi Re’s capital hike shares
Logo of Saudi Reinsurance Co. (Saudi Re)
Saudi Reinsurance Co. (Saudi Re) announced, on Dec. 29, the completion of the subscription process for the new shares issued as part of its capital increase, with pre-emptive rights suspended.
Subscription Coverage Details
Total Offered Shares
26.73 million
Subscribed Shares
26.73 million
Value of Subscribed Shares
SAR 427.68 million
Coverage Rate
100%
Total Proceeds from Subscription
SAR 427.68 million
Offering Price
SAR 16 per share
Date of Depositing New Shares into Subscribers’ Accounts
Jan…
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