Edaa implements securities increase on ANB

Logo of Arab National Bank

The Securities Depository Center Company (Edaa) announced implementing a securities quantity increase for Arab National Bank on the center’s accounts of eligible shareholders as of today, May 23, according to a statement to Tadawul.

ANB shareholders approved the board's recommendation on raising capital by 33.33%, during the extraordinary general meeting (EGM) held on May 20. The capital will be increased through offering one bonus share for three shares held, Argaam reported.