The Securities Depository Center Company (Edaa) offers post-trade services for foreign securities listed on the Saudi Stock Exchange (Tadawul). Edaa enables Investors to transfer securities from Edaa to the foreign Central Securities Depository (CSD), by submitting a “Security Transfer Request Form”.
Corporate actions key dates for foreign securities will be timed in accordance to the market where they are primarily listed. Edaa will provide security proceeds of the corporate actions. The approach for cash compensation of security fractions will be aligned with the primary market practice of the foreign security. The cash proceeds distribution for the corporate actions will be distributed directly by the appointed paying agent of the issuer.
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