Shams to start rights trading, new shares subscription on Nov. 27

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

Logo of Tourism Enterprise Co.

Tourism Enterprise Co.'s (Shams) subscription to new shares and rights trading will begin on Nov. 27, according to a statement to Tadawul.

 

Rights trading will end on Dec. 4, while subscription to the new shares will close on Dec. 7.

 

Shareholders approved a 1,000% capital increase through SAR 525.67 million rights issue, granting10 rights for each existing share, according to data compiled by Argaam.

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