Dallah to deposit share fraction sale proceeds on March 25

21/03/2019 Argaam

 

Dallah Healthcare Co. will deposit around SAR 591,56 proceeds from the sale of fractional shares in shareholders’ portfolios on March 25.

 

The company sold 11,509 shares at an average price of SAR 51.40 each.

 

The proceeds will be deposited directly by Al Rajhi Bank into accounts of eligible shareholders, the company said in a statement to Tadawul on Thursday.

 

In February, Dallah Healthcare shareholders approved a 27.1 percent capital hike to SAR 750 million from SAR 590 million through issuance of 0.27 bonus share for every one share held.

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