Edaa implements securities increase on Riyadh Development

Logo of Riyadh Development Co.

The Securities Depository Center Company (Edaa) raised the number of securities of Riyadh Development Co. in the accounts of eligible shareholders today, Feb. 13.
 

The company’s shareholders approved increasing capital by 31.58% from SAR 1.78 billion to SAR 2.34 billion, during the extraordinary general meeting (EGM) held on Feb. 3. The capital top-up is aimed at facilitating the acquisition of two real estate assets owned by Remat Al-Riyadh Development Co.