Riyadh – Mubasher: Naseej International Trading Company has completed its rump offering and the final allocation of priority rights shares, achieving a coverage ratio of 311.8% at the end of the subscription period.
The company confirmed the sale of 2.96 million shares that remained unsubscribed during the initial rights period.
The sale of these shares generated a total of SAR 36.44 million, with the shares sold at an average price of SAR 12.28 per share. Fractional shares accounted for 9,875 of the total.
Following the deduction of the offering price, the net compensation amount to be distributed to eligible priority rights holders and fractional share owners totals SAR 6.78 million.
Naseej International Trading stated that the newly issued shares are scheduled to be deposited into shareholder accounts on 27 September 2026. The company will retain the base offering price from the proceeds, while the surplus compensation will be distributed to entitled parties by 14 October.
