Edaa deposits SIECO tradable rights today

16/05/2022 Argaam
Logo ofSaudi Industrial Export Co.

Logo of Saudi Industrial Export Co.

The Securities Depository Center Co. (Edaa) announced depositing Saudi Industrial Export Co.’s (SIECO) tradable rights into the accounts of eligible securities holders today, May 16, according to a bourse statement.

 

Shareholders recently approved the board’s recommendation to increase capital through a SAR 172.8 million rights issue at the extraordinary general meeting (EGM) on May 11, according to data available with Argaam.  

 

The rights trading and subscription to the new shares will start on May 23, and the rights trading will end on May 30. The subscription will run until June 2.

 

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