Edaa implements procedures to reduce Salama’s capital

21/08/2022 Argaam
Logo ofSalama Cooperative Insurance Co.

Logo of Salama Cooperative Insurance Co. 

The Securities Depository Center (Edaa) announced implementing a securities quantity decrease on the accounts of Salama Cooperative Insurance Co.’s eligible securities holders today, Aug. 21, according to a bourse filing.

 

Salama’s shareholders approved the board’s recommendation on a 60% capital reduction from SAR 250 million to SAR 100 million, Argaam earlier reported.

 

The stock will resume trading as of today, after being halted for two trading sessions.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.