Edaa deposits Al Kathiri’s tradable rights today

The Securities Depository Center Co. (Edaa) deposits today, Oct. 9, Al Kathiri Holding Co.’s tradable rights into the accounts of eligible securities’ holders.

Al Kathiri’s shareholders approved the board of directors’ recommendation to increase the company’s capital from SAR 45.21 million to SAR 90.42 million through a SAR 45.2 million rights issue, during the extraordinary general meeting held on Oct. 5, Argaam reported.

The period for trading of priority rights and the subscription for new shares will begin on Oct. 12, 2020. The period for trading of priority rights ends on Oct. 19, 2020, while the subscription phase will continue until Oct. 22, 2020.

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