Edaa deposits Amiantit’s tradable rights today

26/02/2024 Argaam
Saudi Arabian Amiantit Co. headquarters

Saudi Arabian Amiantit Co. headquarters

The Securities Depository Center Co. (Edaa) deposited today, Feb. 26, the tradable rights of Saudi Arabian Amiantit Co. into the accounts of eligible shareholders.

 

For More IPOs

 

The company’s shareholders approved raising capital by 350% through a SAR 346.5 million rights offering, during the extraordinary general meeting (EGM) held on Feb. 21, according to Argaam data.

 

The period of rights trading and subscription to new shares will start on Feb. 27. The rights trading period will end on March 5, while the subscription process will run until March 10.

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