Edaa deposits Ash-Sharqiyah subscribed securities today

05/06/2023 Argaam
Logo ofAsh-Sharqiyah Development Co.

Logo of Ash-Sharqiyah Development Co.

The Securities Depository Center Co. (Edaa) announced the deposit of Ash-Sharqiyah Development Co.’s subscribed securities into the accounts of eligible securities’ holders today, June 5, according to a statement to Tadawul.

 

Subscription to new shares and rights trading ended on May 23, Argaam data showed.

 

The company's subscription to new shares and rights trading began, on May 11, to increase capital by 300%, or SAR 225 million, to SAR 300 million from SAR 75 million, through offering 22.5 million shares at SAR 10 each.

 

Ash-Sharqiyah earlier announced that its rights issue was 86.28% covered, with 19.41 million out of 22.5 million offered shares subscribed.

 

 

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