Edaa deposits Saudi Paper’s tradable rights today

09/12/2020 Argaam

The Securities Depository Center Co. (Edaa) deposits today, Dec. 9, Saudi Paper Manufacturing Co.’s tradable rights into the accounts of eligible securities’ holders.

 

Saudi Paper’s shareholders approved the board of directors’ recommendation to increase the company’s capital from SAR 92 million to SAR 192 million through a SAR 100 million rights issue, during the extraordinary general meeting held on Dec. 6, Argaam reported.

 

The period for trading of priority rights and the subscription for new shares will begin on Dec. 14, 2020. The period for trading of priority rights ends on Dec. 21, 2020, while the subscription phase will continue until Dec. 24, 2020.

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