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FinancialNews
27-01-20
Saudi Arabia: Al Sorayai subscription to new shares, rights trading starts
(MENAFN) A bourse statement to Tadawul said that, the Securities Depository Center (Edaa) dropped Al Sorayai Trading and Industrial Group's subscribed shares into investors' portfolios.
"Subscription to new shares and the rights trading will begin on January 27", as said by Al Sorayai.
On February 3, rights trading will stop and on February 6, subscription to the new shares will end.
Al Sorayai shareholders agreed in the extraordinary general meeting started on January 22, a capital increase to SAR 178.160 million from SAR 65.500 million, through rights issue value SAR 112.660 million.
MENAFN2701202000450000ID1099607266
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