‎Edaa implements capital reduction on Savola

‎Edaa implements capital reduction on Savola ‎Edaa implements capital reduction on Savola

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Logo ofSavola Group

The Securities Depository Center Co. (Edaa) applied the reduction in the number ofSavola Group shares to the accounts of eligible shareholders today, Dec. 17, according to aTadawulstatement.

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Shareholders approved on Dec. 12 the board’s proposal to cut capital by 73.54% from SAR 11.33 billion to SAR 3 billion, data compiled by Argaam showed.

 

Logo ofSavola Group

The Securities Depository Center Co. (Edaa) applied the reduction in the number ofSavola Group shares to the accounts of eligible shareholders today, Dec. 17, according to aTadawulstatement.

Shareholders approved on Dec. 12 the board’s proposal to cut capital by 73.54% from SAR 11.33 billion to SAR 3 billion, data compiled by Argaam showed.

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