Al-Samaani to deposit proceeds from fractional shares on July 22

21/07/2020 Argaam

Al-Samaani Factory for Metal Industries Co. (Al-Samaani) sold 50 fractional shares on July 8, 2020, at SAR 74.40 per share for a total of SAR 3,720, the company said in a statement on Tuesday.

 

The funds will be deposited into shareholders accounts on July 22, 2020, through Al-Rajhi Bank.

 

Last month, the company’s shareholders approved the board's recommendation on a capital increase by 66.67% from SAR 15 million to SAR 25 million through 1-for-1.5 bonus issue.

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