Edaa deposits Al-Baha subscribed securities into shareholders’ portfolios

23/03/2022 Argaam
Logo ofAl-Baha Investment and Development Co.

Logo of Al-Baha Investment and Development Co.

The Securities Depository Center Co. (Edaa) will deposit Al-Baha Investment and Development Co.’s subscribed securities into the center’s accounts of eligible securities’ holders today, March 23.

 

The company shareholders approved the board of directors’ recommendation to increase capital to SAR 297 million from SAR 177 million through a SAR 120 million rights issue during the extraordinary general meeting (EGM) held on Feb. 21, Argaam reported.

 

The rights issue was 89.46% covered, while the rump offering was 568.7% oversubscribed.

 

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