Al Rajhi Bank: Depositing the proceeds from the sale of fractional shares in the accounts of receivables
Al Rajhi Bank announced the completion of the process of selling fractional shares resulting from the bank’s capital increase approved by the sixteenth extraordinary general assembly including the bank’s capital increase held last Monday.
The bank said in a statement on its website "Saudi Arabia trading"The number of shares sold is 46,121 shares, while the amount returned from the sale of fractional shares is about 3.15 million riyals, with an average price of 68.60 riyals per share.
He added that the date of depositing the amounts from the sale of fractional shares in the accounts of eligible shareholders is next May 4.
He noted the distribution of the amount returned from the process of selling fractional shares through Al Rajhi Bank. In the event that the deposit process fails, any of the bank’s shareholders can also visit the nearest Al Rajhi Bank branch to receive their dues.
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