Edaa deposits Wataniya Insurance tradable rights

18/04/2022 Argaam

Logo of Wataniya Insurance Co.

The Securities Depository Center Co. (Edaa) announced depositing Wataniya Insurance Co.’s tradable rights into the accounts of eligible securities holders today, April 18, according to a bourse statement.

 

The extraordinary general meeting (EGM) recently approved the board’s recommendation to increase capital through a SAR 200 million rights issue, according to data available with Argaam.

 

The rights trading and subscription to the new shares will start on April 25, and the rights trading will end on May 9. The subscription will run until May 12.

 

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