Edaa deposits Takween tradable rights into shareholders' accounts

18/02/2024 Argaam
Logo ofTakween Advanced Industries Co.

Logo of Takween Advanced Industries Co.

The Securities Depository Center Co. (Edaa) announced that it deposited today, Feb. 18, Takween Advanced Industries Co.'s tradable rights into eligible shareholders' accounts, according to Tadawul website.

 

Shareholders approved the board’s recommendation to increase capital via a SAR 300 million rights issue, during the extraordinary general meeting held on Feb. 14, according to data available with Argaam.

 

The rights trading period and subscription to new shares will begin on Feb. 19. The rights trading period will end on Feb. 27, while subscription to new shares will end on March 3.

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