Jun 12 2011 |
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By the end of the 8th day of Jabal Omar Development Company capital increase, the offering is covered 18% with SR 493 million total proceeds
The CEO of Al Rajhi Capital Company, Gaurav Shah, has announced the latest subscription results for Jabal Omar Development Company . Al Rajhi Capital is the Financial Advisor, Lead Manager and Lead underwriter for the Rights Issue. The Rights Issue was launched on Monday 4 Rajab 1432H (6 June 2011) and ends tomorrow Wednesday 13 Rajab 1432H (Corresponding to 15 June 2011).In its 8th day, the total number of subscribed shares exceeded 46 million with a coverage of 18% and a total proceeds of SR 493 million.
He expressed his appreciation for the trust that
Jabal Omar Development Company
put in appointing
Al Rajhi Capital
as Financial Advisor, Lead Manager and Lead underwriter for its Rights Issue.
-Ends-
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