Edaa implements securities increase on Maaden

02/06/2022 Argaam

Saudi Arabian Mining Co.’s (Maaden) headquarters

The Securities Depository Center Co. (Edaa) implemented securities quantity increase for Saudi Arabian Mining Co. (Maaden) into the accounts of eligible holders today, June 2.

 

Earlier this week, the company’s shareholders approved increasing capital by 100% from SAR 12.3 billion to SAR 24.6 billion, Argaam reported.

 

The capital hike took place through a one-for-one bonus share distribution and was financed by capitalizing SAR 12.3 billion from retained earnings account.

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