‎Salama’s rights trading ends today

Salama Cooperative Insurance Co.’s rights trading and subscription period ends today, Dec. 24. The rights issue sought to increase the company’s capital from SAR 200million to SAR300 million.

Subscription and rights trading started on Dec. 17. Subscription to new shares will close on Dec. 29.

Right holdersmaysubscribe, in whole or in part, to the new shares in proportion to the rights existing in their portfolios.

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Capital Increase Details

Current capital

SAR 200 mln

Currentnumber of shares

20 mln

Capital increase (%)

50%

Capital after increase

SAR 300 mln

Number of shares after increase

30 mln

Rights Issue Details

Offered Shares

10 mln

Offer Price

SAR 10

Issue Size

SAR 100 mln

EligibilityRatio

Each shareholder will begranted one rightfor every two shares held

Record Date

Dec. 11, 2024 (Shareholders registered with Edaaby the close of trading on the second dayfollowing the general meeting date)

Trading Period

Dec. 17-24

SubscriptionPeriod

Dec. 17-29

Reason

Support the insurer’s future plans, enhance financial solvency margin, boost statutory reserve, and fulfill the requirements of capital

Rights Issue Proceeds

Banks Deposits

SAR 87.5 mln

Deposit Increase

SAR 7.5 mln

Offering Fees

SAR 5 mln

Additional Information

Financial Advisor, Lead Manager Underwriter

Alawwal Capital

Co-Underwriter

Al-Nefaie Investment

Salama Cooperative Insurance Co.’s rights trading and subscription period ends today, Dec. 24. The rights issue sought to increase the company’s capital from SAR 200million to SAR300 million.

Subscription and rights trading started on Dec. 17. Subscription to new shares will close on Dec. 29.

Right holdersmaysubscribe, in whole or in part, to the new shares in proportion to the rights existing in their portfolios.

Capital Increase Details

Current capital

SAR 200 mln

Currentnumber of shares

20 mln

Capital increase (%)

50%

Capital after increase

SAR 300 mln

Number of shares after increase

30 mln

Rights Issue Details

Offered Shares

10 mln

Offer Price

SAR 10

Issue Size

SAR 100 mln

EligibilityRatio

Each shareholder will begranted one rightfor every two shares held

Record Date

Dec. 11, 2024 (Shareholders registered with Edaaby the close of trading on the second dayfollowing the general meeting date)

Trading Period

Dec. 17-24

SubscriptionPeriod

Dec. 17-29

Reason

Support the insurer’s future plans, enhance financial solvency margin, boost statutory reserve, and fulfill the requirements of capital

Rights Issue Proceeds

Banks Deposits

SAR 87.5 mln

Deposit Increase

SAR 7.5 mln

Offering Fees

SAR 5 mln

Additional Information

Financial Advisor, Lead Manager Underwriter

Alawwal Capital

Co-Underwriter

Al-Nefaie Investment