Edaa deposits Alkhaleej Training subscribed securities today

Alkhaleej Training building

The Securities Depository Center Co. (Edaa) deposited today, Dec. 2, Alkhaleej Training and Education Co.’s subscribed securities into the center’s accounts of eligible securities’ holders.

According to data compiled by Argaam, the company offered 20 million priority rights shares at a price of SAR 10 per share, to increase its capital from SAR 450 million to SAR 650 million.

Coverage ratio at the end of the offering was 89.25%, while the coverage ratio at the end of the remaining offering period was 778.9%.

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