Mobile Telecommunication Company Saudi Arabia (Zain KSA) Announces the Results of the Rump Offering and Final Allocation of Rights Issue Shares
Tuesday 5 January 2021| ELEMENT LIST | EXPLANATION |
| Introduction | Mobile Telecommunication Company Saudi Arabia (Zain KSA) (the “Company”) is pleased to announce the results of 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 469.1%. |
| Number of Sold Shares | 59564025 |
| Total Proceeds of Selling Unsubscribed Shares | SAR 672,525,025.5 |
| Average Price of Sold Shares | SAR 11.29 Per Share |
| Net Compensation for Right Issues and Fraction Shares Owners | SAR 76,884,775.5 |
| Date of Depositing the Shares into Shareholders Accounts | 2020-11-18 Corresponding to 1442-04-03 |