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The Capital Market Authority approves the capital increase request Al-Etihad Cooperative Insurance Company through the issuance of bonus shares
The CMA has issued its resolution approving Al-Etihad Cooperative Insurance Company's request to increase its capital from SAR (450,000,000) to SAR (500,000,000) through issuing (1) bonus share for every (9) existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the Company's board, such increase will be paid by transferring an amount of SAR (50,000,000) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (45,000,000) shares to (50,000,000) shares, by an increase of (5,000,000) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.
18/04/2024 16:35:53 -
The Saudi Exchange Company Announces the Launch of Single Stock Options Contracts on Saudi Arabian Mining Co. (MAADEN)
The Saudi Exchange Company announces the launch of Single Stock Options (SSOs) contracts on Saudi Arabian Mining Co (Maaden) SSOs will be available from 21/4/2024 G corresponding to 12/10/1445 H, which will be cleared by the Securities Clearing Center Company “Muqassa”. SSOs will enable local and international investors to effectively hedge and manage portfolio risks as well as diversify products available for trading in the market. For more information, please visit our website: Click here
18/04/2024 08:21:13 -
An Announcement from Capital Market Authority regarding the approval of Exchange Traded Fund " SEDCO Capital Multi Asset Traded Fund "
The Capital Market Authority announces that it has issued its resolution approving Saudi Economic and Development Securities Company’s request to offer " SEDCO Capital Multi Asset Traded Fund" units on the Saudi Stock Exchange (Tadawul) as a Close-ended Traded Fund. Terms and Conditions (T&Cs) of " SEDCO Capital Multi Asset Traded Fund" can be obtained from the fund manager’s website and the CMA's website, which contain all relevant information that the investor needs to consider before making (or refraining from) an investment decision. An investment decision without reading the T&Cs carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs, which include detailed information on the " SEDCO Capital Multi Asset Traded Fund" strategy, objectives and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in " SEDCO Capital Multi Asset Traded Fund", taking into consideration the associated risks. And if the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor. The CMA’s approval of "SEDCO Capital Multi Asset Traded Fund" should not be considered as a recommendation to invest in it. The CMA's approval of " SEDCO Capital Multi Asset Traded Fund" merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
17/04/2024 15:42:45 -
The Saudi Exchange announces that the fluctuation limits for Edarat Communication and Information Technology Co.will be based on a share price of SAR 273.60
Edarat Communication and Information Technology Co. EGM held on Tuesday 16/04/2024G has approved the capital increase via bonus shares. Thus, the fluctuation limits on Wednesday 17/04/2024G for Edarat Communication and Information Technology Co. will be based on a share price of SAR 273.60 and the outstanding orders will be canceled. Furthermore, the Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by Sunday 21/04/2023G.
17/04/2024 08:25:46 -
Announcement from the Saudi Exchange Regarding the Trading Suspension of Al Moammar Information Systems Co. Shares upon the Company’s Request
Saudi Exchange announces the trading suspension of Al Moammar Information Systems Co. shares in the Saudi Exchange starting from 12:30 p.m until 01:30 p.m today Tuesday 07/10/1445 H, corresponding to 16/04/2024 G upon the Company’s request, in accordance to the Listing Rules and the procedures of suspension of listed securities, as it will announce a material event. The orders maintenance period will start at 01:00 p.m
16/04/2024 12:25:46