Edaa implements securities quantity decrease on Al Jouf Cement

01/09/2022 Argaam

Logo of Al Jouf Cement Co.

The Securities Depository Center Co. (Edaa) announced implementing securities quantity decrease for Al Jouf Cement Co. into the accounts of eligible shareholders today, Sept. 1.

 

The company’s shareholders approved the board’s recommendation to reduce capital by 24% to SAR 1.08 billion from SAR 1.43 billion to offset accumulated losses, Argaam reported.

 

The stock will resume trading today after a two-day suspension to implement the capital cut.

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