Edaa deposits Savola’s subscribed shares in rights issue

28/08/2024 Argaam
Logo ofSavola Group

Logo of Savola Group


The Securities Depository Center Co. (Edaa) deposited today, Aug. 28, Savola Group’s subscribed shares into the accounts of eligible shareholders.

 

For More IPOs

 

Savola’s shareholders approved increasing capital by way of a SAR 6 billion rights issue on Aug. 25, Argaam earlier reported.

 

Subscription to new shares and rights trading will begin on Aug. 29. The rights trading period will end on Sept. 5, while the subscription process will close on Sept. 10.

Comments {{getCommentCount()}}

Be the first to comment

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.