Buruj Cooperative Insurance Co. has sold 12,854 fractional shares on Jan. 21, 2019 at SAR 22.60 each for a total of SAR 290,500, the company said in a statement to Tadawul.
The funds will be deposited into shareholders accounts on Feb. 13, the statement added.
Last month, the company’s shareholders approved a 20 percent capital hike to SAR 300 million from SAR 250 million, through distribution of one bonus share for every five shares held, Argaam reported.
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