Allied Cooperative Insurance Group (ACIG) sold 5,047 fractional shares on Sept. 1, 2020 at SAR 35.35 per share, totaling SAR 178,411, the company said in a bourse statement.
ACIG deposited funds into shareholders accounts on Oct. 1, 2020.
Last month, the company’s shareholders approved a 29.5% capital cut to SAR 141 million from SAR 200 million during the extraordinary general meeting (EGM) held on August 26, 2020.
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Details of Selling Fractional Shares |
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Date of Selling Fractional Shares |
Sept. 1, 2020 |
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No. of Shares Sold |
5,047 shares |
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Proceeds from Selling Fractional Shares |
SAR 178,411 |
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Average selling price |
SAR 35.35 |
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