Aljazira Takaful Taawuni Co. completed, on Dec. 29, 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 bank sold 21,823 fractional shares on Dec. 7, at SAR 22.18 per share, for a total of SAR 484,027.
Aljazira Takaful’s shareholders approved the board of directors’ recommendation to increase capital to SAR 550 million from SAR 470.66 million through 16.86% bonus shares, during the extraordinary general assembly meeting (EGM) held on Nov. 30, Argaam reported.
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