Edaa implements securities increase for Development Works Food

21/09/2021 Argaam

The Securities Depository Center Co. (Edaa) implemented today, Sept. 21, securities quantity increase for Development Works Food Co. on the center’s accounts of eligible securities holders.

 

According to data compiled by Argaam, the company’s shareholders approved the board of directors’ recommendation to increase capital by 20% during the extraordinary general meeting (EGM) held on Sept. 16.

 

Capital will increase to SAR 30 million from SAR 25 million via one-for-five bonus share distribution.

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