Edaa Announces Launching Paying Agent Service for all Market Participants
Tuesday, July 30, 2019 at 3:32 PM
Tue Jul 30, 2019 15:32
The Securities Depository Center Company (Edaa) announces today launching the “Paying Agent” service, as an optional service for listed companies and funds, to further improve the current distribution procedures and enhance its quality. This service is part of Edaa’s strategic plans to provide innovative and efficient solutions for all market participants in line with international standards, as Edaa will distribute cash dividends to eligible shareholders on behalf of issuers via members.
Through introducing the Paying Agent service on Tadawulaty, Edaa aims to provide issuers with comprehensive services to facilitate completing procedures related to dividends distribution to ensure prompt cash transfers, accurate shareholders’ information and dividends entitlements, in addition to enhancing control over the systems and reducing costs of cash transfers for issuers.
For more details, you can view the press release by clicking here.
You can view the FAQs and General Information page by visiting the below link: https://bit.ly/2yib3fB