Edaa adjusts Saudi Cable’s investor portfolios after capital cut

05/09/2018 Argaam

 

The Securities Depository Center Company (Edaa) on Sept. 5 adjusted Saudi Cable Co.’s investors’ portfolios to reflect the capital reduction.

 

The firm’s shareholders approved on Sunday a 72.6 percent capital reduction to SAR 110.6 million from SAR 404.1 million to offset accumulated losses, Argaam previously reported.

 

The Saudi Stock Exchange (Tadawul) had suspended trading in Saudi Cable stock for two business days starting from Monday, Sept. 3, until Edaa made the adjustment

Tadawul had set the fluctuation limit at a share price of SAR 25.55.

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