Edaa implements capital reduction for Emaar EC

05/01/2025 Argaam

Edaa implements capital reduction for Emaar EC

Logo of Emaar The Economic City (Emaar EC) 

The Securities Depository Center Co. (Edaa) announced the implementation of the reduction in the number of Emaar The Economic City’s (Emaar EC) shares in the accounts of eligible shareholders.
 
 

In a statement on Tadawul, the company clarified that the implementation took place today, Jan. 5.

 

According to data available on Argaam, Emaar EC shareholders approved the board of directors’ recommendation to reduce the company’s capital by 53.83% from SAR 11.33 billion to SAR 5.23 billion during the extraordinary general meeting (EGM), held on Dec. 31, 2024.

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