Edaa deposits Shams subscribed securities for rights issue today

20/12/2022 Argaam

Edaa deposits Shams subscribed securities for rights issue today

Logo of Tourism Enterprise Co.

The Securities Depository Center Co. (Edaa) announced the deposit of Tourism Enterprise Co.’s (Shams) subscribed securities for the rights issue into the accounts of eligible shareholders today, Dec. 20, according to a bourse filing.

 

According to data compiled by Argaam, the subscription period for Shams’ rights issue ended on Dec. 12.

 

Subscription to new shares and rights trading ran from Nov. 27 to Dec. 12.

 

The SAR 525.7 million rights issue included a total of 52.57 million shares, offered at SAR 10 each. This came to raise the company’s capital from SAR 52.57 million to SAR 578.24 million.

 

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