Riyadh — Mubasher: The Securities Depository Center Company (Edaa) has implemented corporate actions regarding the capital increase for Arabian Internet and Communications Services Company (solutions).
The depository center confirmed that the increase in the quantity of securities has been applied to the accounts of eligible shareholders as of 11 October.
This process follows the company's fulfillment of regulatory requirements to adjust its share capital on the Tadawul exchange.
The update ensures that the additional shares are now reflected in investor portfolios, allowing for the commencement of trading on the newly issued securities.
Edaa remains responsible for managing the deposit, transfer, and settlement of these securities in accordance with Saudi capital market regulations.
The Saudi Exchange (Tadawul) adjusted the fluctuation limit for the company’s shares based on a reference price of SAR 107.
