Al Hammadi to deposit proceeds of fractional shares sale into shareholder accounts

Al Hammadi Co. for Development and Investment said in a bourse statement that it will deposit proceeds from its sale of 33,634 fractional shares worth SAR 2.09 million into the accounts of shareholders on Tuesday.

The average share price was estimated at SAR 62.27, the company added.

Fractional shares were sold on May 6.

Argaam reported in April on Al Hammadi’s decision to go forward with a capital hike, which came during the company’s extraordinary general meeting (EGM).