Edaa deposits Thimar tradable rights today

11/10/2023 Argaam

Edaa deposits Thimar tradable rights today

One of Thimar’s branches

The Securities Depository Center Co. (Edaa) deposited today, Oct. 11, the tradable rights of Thimar Development Holding Co. into the accounts of eligible shareholders, Thimar said in a statement to Tadawul.

 

According to data compiled by Argaam, the company’s shareholders approved on Oct. 8 the board’s recommendation to increase capital by issuing rights shares worth SAR 150 million.

 

Subscription to new shares and rights trading will begin on Oct. 12 and end on Oct. 19, while subscription to the new shares will close on Oct. 24.

 

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