Edaa deposits Alhokair Group’s tradable rights, implements corporate action today

13/07/2021 Argaam

Alhokair Group's building

The Securities Depository Center Co. (Edaa) deposits today, July 13, Abdulmohsen Alhokair Group for Tourism and Development’s (Alhokair Group) tradable rights into the accounts of eligible securities’ holders.

 

Additionally, Edaa implemented the securities quantity decrease for Alhokair Group on the center’s accounts of eligible shareholders today.

 

Earlier this week, the company’s shareholders approved a 37.64% capital cut to SAR 343 million from SAR 550 million by cancelling 20.7 million shares.

 

Trading period for the rights issue and subscription to new shares begins on July 26. Trading period for the rights issue ends on Aug. 2, and subscription period for the new shares ends on Aug. 5.

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