Edaa deposits NADEC tradable rights today

08/11/2023 Argaam

Edaa deposits NADEC tradable rights today

Logo of National Agricultural Development Co. (NADEC)

The Securities Depository Center Co. (Edaa) deposited today, Nov. 8, the tradable rights of National Agricultural Development Co. (NADEC) into the accounts of eligible shareholders.

 

NADEC shareholders approved capital increase via a SAR 2 billion rights issue, during the extraordinary general meeting (EGM) held on Nov. 5, according to Argaam's data.

 

The period of rights trading and subscription to new shares will start on Nov. 9. The rights trading period will end on Nov. 16, while subscription to new shares will run till Nov. 21, 2023.

 

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