Edaa implements corporate action on Naseej International

21/07/2022 Argaam

Logo of Naseej International Trading Co.

The Securities Depository Center Co. (Edaa) announced implementing securities quantity decrease for Naseej International Trading Co. into the accounts of eligible securities’ holders today, July 21, it said in a statement.

 

In March, the board of directors recommended a 48.51% capital cut from SAR 211.63 million to SAR 108.97 million through writing off 10.27 million shares (0.485 share for every one share), according to data available with Argaam.

 

The stock will resume trading as of today, July 21, after a two-day trading halt to implement the capital reduction.

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