Edaa implements corporate action on Arabian Shield

24/05/2018 Argaam

The Securities Depository Center Co. (Edaa) has implemented the securities quantity increase for Arabian Shield Cooperative Insurance Co. into the accounts of the eligible shareholders on Thursday, it said in a statement.

 

Earlier this week, the company’s extraordinary general assembly approved a board recommendation to increase capital by 50 percent to SAR 300 million, from SAR 200 million through bonus shares.

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