Al Sorayai to deposit proceeds from fractional shares on Sept. 26

11/09/2019 Argaam

Al Sorayai Trading and Industrial Group Co. has sold 12,584 fractional shares on Sept. 5, 2019 at SAR 42.19 per share for a total of SAR 530,079, the insurer said in a statement to Tadawul.

 

The funds have been deposited into shareholders accounts on Sept. 26, 2019, the statement added.

 

Last month, Al Sorayai ’s shareholders have approved a 70.89 percent capital cut to SAR 65.5 million from SAR 225 million, Argaam reported.

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