Edaa deposits Gulf General’s tradable rights today

01/07/2021 Argaam

Logo of Gulf General Cooperative Insurance Co.

The Securities Depository Center (Edaa) deposited, today, July 1, tradable rights of Gulf General Cooperative Insurance Co. (Gulf General) into the accounts of eligible securities’ holders, according to a bourse filing.

 

Earlier in June, Gulf General shareholders approved the board of directors’ recommendation to increase the company's capital by SAR 300 million worth of a rights issue, during the extraordinary general meeting (EGM) held on June 28, data compiled by Argaam showed.

 

The trading period for the rights issue and subscription to the new shares begins on July 5. Trading period for the rights issue ends on July 12, and the subscription period for the new shares ends on July 15.

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