Riyadh – Mubasher: The Securities Depository Center Company (Edaa) has confirmed the successful implementation of a corporate action involving a reduction in the number of securities for Methanol Chemicals Company.

The adjustment was finalized within the accounts of all eligible shareholders on 19 July 2026, according to an official announcement.

This procedure marks the completion of the technical phase of the company’s capital restructuring measures as they pertain to the depository records.

By implementing the securities quantity decrease, Edaa ensures that the electronic records of the depository accurately reflect the current legal and financial standing of the issuer’s capital base.

Edaa, a wholly owned subsidiary of the Saudi Tadawul Group, serves as the central entity responsible for the registration of ownership, settlement, and clearing of securities traded on the Saudi Exchange.

The announcement regarding Methanol Chemicals Company, a significant entity within the regional petrochemical industry, follows the established regulatory protocols for companies undergoing modifications to their share capital.

Such actions are typically conducted after a company receives the necessary mandates from its general assembly and the relevant regulatory authorities, including the Capital Market Authority (CMA).

For shareholders of Chemanol, the implementation signifies that the quantity of shares held in their respective investment accounts has been adjusted downward in accordance with the corporate action.

Edaa’s primary responsibility in this context is to ensure that these changes are applied accurately and simultaneously across all brokerage accounts and custody platforms. This synchronization is essential for the resumption of normal trading activities and for the accurate calculation of market capitalization based on the revised share count.

The efficiency of this process highlights the robust technological infrastructure of the Saudi capital market, which is designed to manage complex corporate actions with high levels of precision.