Edaa deposits MEDGULF tradable rights today

08/11/2021 Argaam

MEDGULF office


The Securities Depository Center Co. (Edaa) deposits today, Nov. 8, The Mediterranean and Gulf Insurance and Reinsurance Co.’s (MEDGULF) tradable rights, according to a bourse filing.

 

It was done into the center’s accounts of eligible securities’ holders today.

 

According to data compiled by Argaam, shareholders approved the board of directors’ recommendation to increase capital from SAR 700 million to SAR 1.05 billion through a rights issue worth SAR 420 million, during the extraordinary general assembly meeting (EGM) held on Nov. 3.

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