Logo of Ataa Educational Co.
The Securities Depository Center Co. (Edaa) increased today, July 21, the number of shares of Ataa Educational Co. in the accounts of eligible shareholders.
In June, Ataa's shareholders gave the go-ahead for increasing the company’s capital by issuing 2.09 million new shares to acquire Naba'a Educational Co., according to a bourse filing.
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Capital Increase Highlights |
|
|
Current Capital |
SAR 400 mln |
|
Number of Shares |
40 mln |
|
Number of New Shares |
2.09 mln |
|
Increase Percentage |
5.2% |
|
New Capital |
SAR 420.87 mln |
|
Shares after Increase |
42.09 mln |
|
Reason |
Issuing shares in favor of Naba’a shareholders in return for transferring all shares of Naba’a to Arabian Education and Training Group Holding, a wholly-owned subsidiary of Ataa. |
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Method |
Issuing new shares |
|
New Shares to Capital |
4.96% |
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