Edaa updates general meetings, dividends services

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The Securities Depository Center Co. (Edaa) announced today, March 2, some changes to the general meetings and dividend services, according to a bourse statement.

The center suspended the services for the general meetings whose agenda items include a capital increase decision through a rights issue. The deadline will be March 20 for the general meetings whose agenda includes a capital change decision, whether increase, decrease, acquisition, or splitting securities. In addition, the deadline for the cash dividend services will be according to the approved dates for eligibility and distribution as follows: The due date does not exceed March 27 and the distribution date does not exceed March 30.

The above services will be resumed on April 10 for all the cases mentioned above, except for the distribution of dividends, which will be available as of April 11 for any dividends that are due on April 10 onwards.

The Saudi Exchange (Tadawul), the Securities Clearing Center (Muqassa) and Edaa said the effective date of the rules and procedures of post-trade project and the cancelling date of the rules and procedures specified in the second paragraph of the same resolution until April 3 instead of March 3, 2022.