Riyadh – Mubasher: The Securities Depository Center Company (Edaa) has officially announced the successful implementation of a corporate action regarding the securities of Al Rashid Industrial Company.

The procedure, which involves a formal increase in the quantity of securities held, was finalized and reflected in the accounts of eligible shareholders today, corresponding to 22 June 2026.

Edaa serves as the sole entity responsible for the registration and settlement of securities traded on the Saudi Exchange (Tadawul).

As part of its core mandate, Edaa manages the depository system and ensures that all corporate actions, including capital adjustments and share distributions, are accurately recorded within the accounts of market participants.

The announcement regarding Al Rashid Industrial Company marks the completion of the technical and administrative steps required to update the portfolios of those investors who met the eligibility criteria for the securities increase.

The process of increasing securities quantity is a standard corporate action within the Saudi capital market, typically following a resolution by a company’s extraordinary general assembly.

While the specific underlying reason for the increase—such as a bonus share issue or a capital hike—is determined by the issuer, Edaa acts as the central executing body that ensures the new securities are distributed in accordance with regulatory requirements and shareholder entitlements.

The synchronization between the corporate decisions of Al Rashid Industrial Company and the depository system managed by Edaa is a critical component of maintaining market transparency and investor protection.

By updating the center’s accounts, Edaa ensures that the ownership records are current and that the increased quantity of securities is available for trading or other investment activities.

This procedure requires rigorous verification to ensure that only eligible securities holders, as defined by the record date of the corporate action, receive the additional quantity in their respective investment portfolios.

The implementation of this action signifies that the internal records of the Securities Depository Center now reflect the expanded share base of Al Rashid Industrial.

For the shareholders involved, this update means their holdings have been adjusted to align with the company’s new capital structure. Edaa’s role in this transition is vital for the integrity of the transaction lifecycle, providing a centralized and secure environment for the management of securities ownership in the Kingdom of Saudi Arabia.

The completion of this update for Al Rashid Industrial is part of Edaa’s ongoing commitment to providing efficient and reliable depository services to all listed entities on the Saudi Exchange.

By facilitating these corporate actions, Edaa supports the continuous development of the Saudi financial infrastructure, ensuring that all changes to securities quantities are handled with precision and in full compliance with the established market regulations.