Edaa implements corporate action on Amiantit

06/12/2020 Argaam

The Securities Depository Center Co. (Edaa) implemented the securities quantity decrease for Saudi Arabian Amiantit Co. into the accounts of eligible shareholders today, Dec. 6, it said in a statement.

 

On Dec. 2, the company’s shareholders approved a 41.95% capital cut to SAR 200 million from SAR 344.52 million through the cancellation of 14.45 million shares to offset 96.61% of accumulated losses.

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