Shams to start rights trading, new shares subscription on Nov. 27

24/11/2022 Argaam

Shams to start rights trading, new shares subscription on Nov. 27

Logo of Tourism Enterprise Co.

Tourism Enterprise Co.'s (Shams) subscription to new shares and rights trading will begin on Nov. 27, according to a statement to Tadawul.

 

Rights trading will end on Dec. 4, while subscription to the new shares will close on Dec. 7.

 

Shareholders approved a 1,000% capital increase through SAR 525.67 million rights issue, granting10 rights for each existing share, according to data compiled by Argaam.

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