Edaa deposits Salama tradable rights today

08/11/2023 Argaam

Edaa deposits Salama tradable rights today

Logo of  Salama Cooperative Insurance Co.  

The Securities Depository Center Co. (Edaa) deposited today, Nov. 8, the tradable rights of Salama Cooperative Insurance Co.  into the accounts of eligible shareholders, the insurer said in a statement to Tadawul.

 

According to data compiled by Argaam, the company’s shareholders approved on Nov. 5 the board’s recommendation to increase capital by issuing rights shares worth SAR 100 million.

 

Rights trading will begin on Nov. 9 and end on Nov. 16, while subscription to the new shares will start on Nov. 9 and close on Nov. 21.

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