Nov 20, 2014
The Saudi Stock Exchange (Tadawul) announces the procedure that will be applied by the lead manager when receiving multiple subscription requests through multiple receiving entities from investors whose rights have been deposited with multiple brokers as follows:
• Investors may submit their subscription requests through multiple receiving entities, and the resulting subscribed shares in total will be deposited with the broker mentioned in the first subscription application.
• Investors may subscribe to all of their rights deposited across multiple brokerage portfolios through one receiving entity, and the resulting subscribed shares in total will be deposited with the broker mentioned in the subscription application.
The total number of rights subscribed for in the two cases mentioned above must not exceed the total number of rights owned.
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