Edaa deposits Savola subscribed securities for rights issue

26/09/2024 Argaam
Logo ofSavola Group

Logo of Savola Group

The Securities Depository Center Co. (Edaa) announced the deposit of Savola Group subscribed securities for the rights issue into the accounts of eligible shareholders today, Sept. 26, according to a Tadawul filing.

 

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Savola shareholders approved increasing capital via a SAR 6 billion rights issue, during the extraordinary general meeting (EGM) held on Aug. 25, as reported earlier by Argaam.

 

The rights issue was 94.2% subscribed, and the rump offering was 814.2% covered.

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