Edaa deposits Saudi Paper’s subscribed securities today

16/11/2022 Argaam

Edaa deposits Saudi Paper’s subscribed securities today

Logo of Saudi Paper Manufacturing Co.

The Securities Depository Center Co. (Edaa) deposited today, Nov. 16, Saudi Paper Manufacturing Co.’s subscribed securities into the accounts of eligible securities’ holders.

 

The subscription period for rights issue shares ended on Nov. 2, Argaam earlier reported.

 

The rights trading period and subscription to the new shares began on Oct. 23; and the rights trading closed on Oct. 30.

 

Saudi Paper shareholders approved on Oct. 17 the board of directors' recommendation to increase capital by 75.52% to SAR 337 million from SAR 192 million through a SAR 145 million rights issue.

 

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