Alandalus Property Co. will, on Sept. 19, complete depositing the proceeds from selling fractional shares resulting from the company’s capital increase in the accounts of eligible shareholders, according to a bourse filing.
The company sold 11,714 fractional shares, on Aug. 31, at SAR 22.02 per share for a total of SAR 257,572.
Al-Andalus Property’s shareholders approved in August the board of directors’ recommendation to increase capital to SAR 933.33 million from SAR 700 million via one-for-three bonus share distribution.
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