Edaa deposits subscribed shares of GO into shareholder accounts

07/03/2024 ِArgaam

Edaa deposits subscribed shares of GO into shareholder accounts

Logo of Etihad Atheeb Telecommunication Co. (GO)

The Securities Depository Center Co. (Edaa) announced that it deposited today, March 7, the subscribed shares of Etihad Atheeb Telecommunication Co. (GO) into shareholder accounts, according to Tadawul website.

 

The telecom operator offered 25 million shares at SAR 10 each to increase capital by way of a SAR 250 million rights issue to SAR 399.99 million, Argaam earlier reported.

 

The rights issue was 96.49% covered. Investors subscribed to 24.12 million new shares at a total value of SAR 241.23 million. The rump offering was 567.25% oversubscribed.

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