The Saudi Arabian Mining Co. (Ma’aden) said in a bourse statement that it will pay compensation to shareholders who have not exercised their rights to participate in the rights issue, as well as holders of fractional shares, as of Thursday, Dec. 18, 2014.
A total of SAR 76,524,080.50 will b paid to shareholders who have not exercised their subscription rights in whole or in part, as well as holders of fractional shares, the company said.
Ma’aden has appointed the National Commercial Bank (NCB) to deposit the compensation amounts in shareholders’ accounts.
Photo Credit: Arabianeye-Reuters