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Edaa concludes capital raise for Dallah Healthcare

Edaa concludes capital raise for Dallah Healthcare
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DALLAH HEALTH
4004
0.85% 83.30 0.70

Riyadh — Mubasher: The Securities Depository Center Company (Edaa) announced on Wednesday the implementation of issuer procedures regarding the capital increase for Dallah Healthcare Company.

The update follows the company’s fulfillment of regulatory requirements for the capital hike.

Edaa confirmed that the additional shares are now reflected in investor portfolios, enabling the commencement of trading on the new securities.

This corporate action aligns with Dallah Healthcare’s strategic growth plans and its ongoing efforts to strengthen its financial position within the Saudi healthcare sector.

No further financial details regarding the specific value of the increase were disclosed in the regulatory filing.

Last August, the extraordinary general meeting (EGM) approved a 20% increase from SAR 1 billion to SAR 1.21 billion.