Edaa deposits Al Sagr tradable rights into shareholder accounts

01/07/2024 Argaam
Logo ofAl Sagr Cooperative Insurance Co.

Logo of Al Sagr Cooperative Insurance Co.

The Securities Depository Center Co. (Edaa) deposited the tradable rights of Al Sagr Cooperative Insurance Co. into eligible shareholders' accounts today, July 1, according to a Tadawul statement.

 

Shareholders approved increasing capital via a SAR 160 million rights issue during the extraordinary general meeting on June 26, according to data available with Argaam.

 

For more news on listed companies

 

The rights issue trading and subscription to the new shares will start on July 2. The rights issue trading will end on July 9, while the subscription period will expire on July 14.

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