Chemanol deposits proceeds from fractional shares into shareholders’ accounts

Methanol Chemical Co. (Chemanol) completed, on July 27, the sale of 107,174 fractional shares resulting from its capital decrease, which was approved by the extraordinary general meeting (EGM) on June 28.

The company announced depositing around SAR 2.9 million proceeds from the sale of fractional shares into the accounts of eligible shareholders, according to a bourse statement.

The company sold these shares at an average price of SAR 27.20 each.