Edaa deposits Shams’ traded rights into shareholders’ portfolios

24/11/2022 Argaam
Logo of Tourism Enterprise Co.

Logo of Tourism Enterprise Co.

The Securities Depository Center Co. (Edaa) deposited today, Nov. 24, the traded rights of Tourism Enterprise Co. (Shams) into the registered accounts of eligible shareholders.

 

Shareholders approved a 1,000% capital increase through a SAR 525.67 million rights issue (10 rights per share), during the extraordinary general meeting (EGM) held on Nov. 20, according to data available with Argaam.

 

The company announced today, Nov. 24, amending the start of the rights issue trading and new shares subscription to Nov. 27. The rights issue trading period will end on Dec. 4, while the subscription of the new shares will end on Dec. 7.

 

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