Edaa implements securities increase for Thob Al Aseel

26/10/2021 Argaam

Logo of Thob Al Aseel Co.

The Securities Depository Center Company (Edaa) announced implementing securities quantity increase for Thob Al Aseel Co. on the accounts of eligible securities’ holders today, Oct. 26, the company said in a statement.

 

Shareholders of Thob Al Aseel approved increasing the company's capital by 33.33% during the extraordinary general meeting (EGM) held on Oct. 21, Argaam reported.

 

In July, the company’s board of directors recommended a 33.3% capital hike to SAR 400 million from SAR 300 million through the issuance of bonus shares, according to data compiled by Argaam.

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