Edaa implements corporate action on Saudi Re

26/07/2021 Argaam

Logo of Saudi Re

The Securities Depository Center Co. (Edaa) announced implementing securities quantity increase for Saudi Re for Cooperative Reinsurance Co. (Saudi Re) into the accounts of eligible securities’ holders today, July 26, according to a statement.

 

Earlier this month, shareholders of Saudi Re approved a capital increase to SAR 891 million from SAR 810 million, through capitalizing SAR 81 million from retained earnings, Argaam reported.

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