Tadawul announces start of Maadaniyah’s rights trading from tomorrow

28/11/2021 Argaam

The Saudi Exchange (Tadawul) announced today, Nov. 28, the start of subscription period and tradable rights trading for National Metal Manufacturing and Casting Co. (Maadaniyah) from Nov. 29.

 

The rights trading will end on Dec. 6, while the subscription to new shares will close on Dec. 9.

 

According to data compiled by Argaam, shareholders approved the board of directors’ recommendation on 16.76% capital cut from SAR 281.12 million to SAR 234 million, followed by SAR 120 million capital increase through a rights issue.

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