Edaa implements securities increase on Saudi Re

01/01/2025 Argaam
Logo of Saudi Reinsurance Co. (Saudi Re)

Logo of Saudi Reinsurance Co. (Saudi Re)

The Securities Depository Center Company (Edaa) announced implementing the securities quantity increase for Saudi Reinsurance Co. (Saudi Re) on the accounts of eligible shareholders today, Jan. 1.

 

According to data available with Argaam, Saudi Re’s shareholders approved on Dec. 24, 2024, the board’s recommendation to increase capital through issuing 26.73 million new shares, while suspending preemptive rights.

 

The Public Investment Fund (PIF) subscribed to all the shares issued under the capital top-up transaction.

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