Edaa implements corporate action on eXtra

10/05/2020 Argaam

The Securities Depository Center (Edaa) implemented the securities quantity increase for United Electronics Co. (eXtra), into the accounts of eligible shareholders today, May 10, according to a statement to Tadawul.

 

According to data compiled by Argaam, eXtra shareholders approved, on May 6, a 20% capital hike to SAR 600 million from SAR 500 million to support the company’s financial position.

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