Edaa implements securities increase on Watani Steel

Logo of Watani Iron Steel Co.

The Securities Depository Center (Edaa) increased today, June 11, the number of shares in the accounts of Watani Iron Steel Co.’s (Watani Steel) eligible shareholders, according to a statement to Tadawul. 

Last week, the company’s shareholders approved increasing the company’s capital by 50% through a one-for-two bonus share distribution during the extraordinary general meeting (EGM) held on June 6, data compiled with Argaam showed.