Edaa implements procedures to increase East Pipes capital

24/10/2022 Argaam

Edaa implements procedures to increase East Pipes capital

Logo of East Pipes Integrated Co.

The Securities Depository Center Co. (Edaa) increased today, Oct. 24, the quantity of shares in the accounts of East Pipes Integrated Company for Industry’s eligible shareholders, according to a statement on Tadawul.

 

Earlier this month, East Pipes’ shareholders approved the board’s recommendation to increase capital by 50% from SAR 210 million to SAR 315 million, Argaam reported.

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