Edaa adds tradable rights of Bank Aljazira

The Securities Depository Center Company (Edaa) on Thursday said that the tradable rights for Bank Aljazira have been deposited into eligible investor’s account.

Last month, Argaam reported that the bank’s extraordinary general assembly had approved increasing capital by 57.7 percent through a SAR 3 billion rights issue to SAR 8.2 billion.

Investors can subscribe to new shares starting March 25 until April 4, and rights holders will be entitled to subscribe wholly or partially to new shares up to the rights deposited with their portfolios.