Al Moammar Information Systems Co. (MIS) sold 1,248 fractional shares on May 10, 2021, at SAR 107.81 per share for a total of SAR 134,550, the company said in a statement to Tadawul.

 

Details of Selling Fractional Shares

Date of Selling Fractional Shares

May 10, 2021

No. of Shares Sold

1,248

Proceeds from Selling Fractional Shares

SAR 134,550

Average selling price

SAR 107.81

 

MIS will not be able to deposit the funds into shareholders accounts during the announced period in the shareholders ’circular (30 days from the shareholders’ approval date on the capital cut).

 

The firm clarified that the delay is due to delay in receiving data on shareholders of foreign nationality, expecting funds to be deposited into shareholders accounts on May 25, 2021.

 

Last month, the company’s shareholders approved the board’s recommendation to increase capital by 25% to SAR 250 million from SAR 200 million.

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