Saudi Enaya sells SAR 22,835 worth of fractional shares

21/05/2020 Argaam

Saudi Enaya Cooperative Insurance Co. sold 1,285 fractional shares on May 6 at SAR 17.80 each, totaling SAR 22,835, the insurer said in a bourse filing on Thursday.

 

The funds will be credited to shareholders accounts on June 11, the statement added.

 

The insurer was not able to reach an agreement on depositing these funds into shareholders’ accounts with the bank, due to the coronavirus precautionary measures.

 

Saudi Enaya expects to complete this agreement in the next two weeks, the statement added.

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