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"The subscription process is going smoothly with shareholders subscribing through all the subscription channels provided by the receiving banks."
During the offering period, eligible shareholders may submit their applications to subscribe for rights issue shares either through a branch of the receiving banks, tele-banking services section, automated teller machines (ATMs) or the internet banking service of any of the receiving banks providing such services.
The receiving banks for the rights issue are The Saudi British Bank (SABB), Al Rajhi Bank, The National Commercial Bank (NCB or otherwise known as Al Ahli Bank), Bank Al Jazira, and Samba Bank.
The rights issue is open to eligible shareholders of SABB Takaful.
The prospectus for the rights issue is available on the websites of the Capital Market Authority, SABB Takaful and Aldukheil Financial Group, Financial Advisor and Lead Manager.
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Posted by Siba Sami Ammari
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