Logo of King Abdullah Economic City (KAEC)
The Securities Depository Center Co. (Edaa) announced implementing securities quantity increase for Emaar The Economic City Co. (Emaar EC) into the accounts of eligible securities’ holders today, Sept. 29, the company said in a statement.
On Sunday, shareholders of Emaar EC approved the board’s recommendation on increasing capital through converting SAR 2.83 billion debt owed by the company to the Public Investment Fund (PIF).
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