Edaa adjusts SIECO's investor accounts after capital cut

26/12/2017 Argaam

 

The Securities Depository Center Company (Edaa) on Tuesday Dec 26 adjusted the accounts of Saudi Industrial Exports Co. (SIECO)'s eligible shareholders after capital reduction.

 

SIECO's shareholders approved a 90 percent capital cut to SAR 10.8 million from SAR 108 million to restructure capital and offset accumulated losses, Argaam earlier reported.

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