Edaa implements corporate action on Saudi Enaya

27/04/2020 Argaam

The Securities Depository Center (Edaa) said that it has implemented the securities quantity decrease for Saudi Enaya Cooperative Insurance Co., into the accounts of eligible shareholders today April 27, according to a statement to Tadawul.

 

According to data compiled by Argaam, Saudi Enaya shareholders approved, on April 22, a 50% capital cut to SAR 150 million from SAR 300 million to offset accumulated losses.

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