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Naseej Rights Issue Coverage at 312%
Naseej Alalamiya Trading Company announced its success in covering the remaining offering of rights issue shares at a rate of 311.8%. Approximately 2.97 million shares were sold, generating total proceeds of 36.44 million riyals. The average selling price was set at 12.28 riyals per share. The shares are expected to be deposited into shareholders' accounts on September 27, and the proceeds exceeding the offering price will be distributed to entitled recipients no later than October 14, 2026.
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