Edaa deposits Saudi Paper’s traded rights into shareholders’ portfolios

20/10/2022 Argaam
Logo ofSaudi Paper Manufacturing Co.

Logo of Saudi Paper Manufacturing Co.

The Securities Depository Center Co. (Edaa) deposited today, Oct. 20, the traded rights of Saudi Paper Manufacturing Co. into the registered accounts of eligible shareholders.

 

Earlier this week, Saudi Paper’s shareholders approved the board’s proposal to increase capital by 75.52% through offering a SAR 145 million rights issue, Argaam earlier reported.

 

The trading period for rights issue and subscription to new shares will begin on Oct. 23.

 

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