Edaa deposits Salama tradable rights into shareholders' accounts

16/12/2024 Argaam
Logo ofSalama Cooperative Insurance Co.

Logo of Salama Cooperative Insurance Co.

The Securities Depository Center Co. (Edaa) deposited Salama Cooperative Insurance Co.'s tradable rights into eligible shareholders' accounts today, Dec. 16, according to a Tadawul statement.

 

For More IPOs

 

The period of Salama's rights issue trading and subscription to the new shares will begin on Dec. 17. Rights trading will end on Dec. 24, while subscription to new shares will close on Dec. 29, according to data available with Argaam.

 

Shareholders recently approved the board of directors' proposal to increase the company’s capital through a SAR 100 million rights issue, granting one share for every two shares held by registered shareholders.

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