Edaa implements corporate action on Saudi Re

26/07/2021 Argaam

Logo of Saudi Re


The Securities Depository Center Co. (Edaa) announced implementing securities quantity increase for Saudi Re for Cooperative Reinsurance Co. (Saudi Re) into the accounts of eligible securities’ holders today, July 26, according to a statement.

 

Earlier this month, shareholders of Saudi Re approved a capital increase to SAR 891 million from SAR 810 million, through capitalizing SAR 81 million from retained earnings, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

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.