Edaa deposits Zain Saudi’s tradable rights today

19/10/2020 Argaam

The Securities Depository Center Co. (Edaa) deposits today, Oct. 19, Mobile Telecommunication Company Saudi Arabia’s (Zain Saudi) tradable rights into the accounts of eligible securities’ holders.

 

The company’s shareholders approved the board's recommendation on a capital increase from SAR 4.48 billion to SAR 8.98 billion through a SAR 450 million rights issue, during the extraordinary general meeting (EGM) held on Oct.14, 2020.

 

Meanwhile, subscription to new shares and rights trading begins today, Oct.19, 2020. Rights trading will end on Oct. 26, and subscription to the new shares will close on Oct. 29.

 

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