Tihama says rump offering 883.7% oversubscribed
Logo ofTihama Advertising and Public Relations Co.
Tihama Advertising and Public Relations Co. announced the results of rump offering and final allocation of shares of its latest rights issue, saying the rump offering was 883.70% oversubscribed, according to a statement to Tadawul.
Rump Offering Details
Number of Shares Sold
5.61 mln
Average Selling Price per Share
SAR 17.13
Coverage Ratio (%)
883.70%
Total Proceeds from Selling Rump Shares
SAR 96.05 mln
Net Compensation for Holders of Rights Fractional Shares
SAR 39.97 mln
Date of Depositing Shares into Shareholders Accounts
May 8…
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