Edaa implements corporate action on Amana Insurance

The Securities Depository Center Co. (Edaa) implemented the securities quantity decrease for Amana Cooperative Insurance Co. into the accounts of eligible shareholders today, May 26, 2021.

Earlier this week, the company’s shareholders approved a 45.8% capital cut to SAR 130 million from SAR 240 million by cancelling 11 million shares, during the extraordinary general assembly meeting held on May 23, 2021.

Trading of the shares will commence today, after being suspended for two business days from May 24, 2021.