Amiantit rights trading, subscription period to start tomorrow

06/12/2020 Argaam

The Saudi Stock Exchange (Tadawul) announced that the subscription period and rights trading for Saudi Arabian Amiantit Co. will start tomorrow, Dec. 7.

 

Rights trading will end on Dec. 14, and subscription to the new shares will close on Dec. 17.

 

Rights holders are entitled to subscribe to the new shares partially or fully on a pro rata basis. Unsubscribed shares, and share fractions, will be offered to institutional investors.

 

Earlier today, the Securities Depository Center Co. (Edaa) deposited Amiantit’s tradable rights into the accounts of eligible securities’ holders, Argaam reported.

 

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.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.