Edaa implements securities increase on stc

Logo of stc

The Securities Depository Center Co. (Edaa) announced implementing securities quantity tncrease for stc on the center’s accounts of eligible securities’ holders today, Sept. 4.

Last week, shareholders of stc approved increasing the company’s capital by 150% through a bonus-share distribution, by through capitalizing SAR 30 billion from the retained earnings via granting 1.5 share for each 1 share owned by shareholder on the eligibility date.