Logo of Saudi Real Estate Co.
The Securities Depository Center Co (Edaa) announced depositing Saudi Real Estate Co.’s (Al Akaria) tradable rights into the center’s accounts of eligible securities holders today, May 23.
The company shareholders approved increasing capital from SAR 2.4 billion to SAR 3.75 billion through a SAR 1.593 billion rights issue during the extraordinary general meeting (EGM) held on May 18, according to the data available with Argaam.
The trading period for the rights issue and subscription to the new shares start on May 30. The rights issue trading will end June 6, while the period for subscription to new shares closes on June 9.
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