Edaa implements securities quantity reduction for Gulf General

24/03/2024 Argaam
Logo ofGulf General Cooperative Insurance Co. (Gulf General)

Logo of Gulf General Cooperative Insurance Co. (Gulf General)

The Securities Depository Center Co. (Edaa) implemented a securities quantity reduction for Gulf General Cooperative Insurance Co. (Gulf General) on the former’s accounts of eligible securities holders today, March 24.

On March 19, the company’s shareholders approved cutting the company’s capital by 40% to SAR 300 million from SAR 500 million, according to data available on Argaam.

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