Edaa implements securities increase on Riyadh Steel

03/07/2024 Argaam
Logo ofRiyadh Steel Co.

Logo of Riyadh Steel Co.

The Securities Depository Center Co. (Edaa) applied the increase in the number of Riyadh Steel Co.’s shares to the accounts of eligible shareholders today, July 3, according to a Tadawul statement.

 

According to Argaam data, Riyadh Steel’s shareholders approved recently the board’s proposal for increasing capital by 40% through a 4-for-10 bonus issue by capitalizing SAR 20 million from retained earnings.

 

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