Edaa adds subscribed securities in Riyal Motors to shareholder accounts

22/10/2023 Argaam
Logo of Riyal Investment Development Co. (Riyal Motors)

Logo of Riyal Investment Development Co. (Riyal Motors)

The Securities Depository Center Co. (Edaa) announced today, Oct. 22, the addition of the securities subscribed in Riyal Investment Development Co. (Riyal Motors) to the accounts of eligible shareholders.

 

Riyal Motors floated 750,000 shares, representing 9% of its SAR 80 million capital divided into eight million shares, on Nomu, Argaam earlier reported.
 
The subscription for qualified investors ran between Oct. 1-5, with a 145% coverage ratio.
 

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