Fitaihi to deposit proceeds from fractional shares sale on Sept. 28

Fitaihi Holding Group will complete, on Sept. 28, depositing around SAR 161,025.20 in proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse statement.

The company sold 2,738 shares at an average price of SAR 58.81 each.

According to data compiled by Argaam, the company’s shareholders approved in July a 50% capital cut to SAR 275 million from SAR 550 million through writing off 27.5 million shares.