Edaa implements securities quantity decrease for Shams

14/12/2021 Argaam

Logo of Tourism Enterprise Co.

The Securities Depository Center Co. (Edaa) implemented securities quantity decrease for Tourism Enterprise Co. (Shams) on the center’s accounts of eligible securities’ holders today, Dec. 14.

 

In December, the company’s shareholders approved a board recommendation of a 48.21% capital reduction to SAR 52.57 million from SAR 101.5 million, during the extraordinary general meeting (EGM) held on Dec. 9.

 

Trading will resume on the Saudi Exchange (Tadawul) as of today after being suspended for two working sessions to reflect shares reduction on investors’ portfolios.

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