Al Rajhi Bank deposits proceeds from fractional shares sale

19/05/2022 Argaam

Al Rajhi Bank completed today, May 19, depositing around SAR 3.298 million proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse statement.

 

The bank sold 35,262 shares at an average price of SAR 93.70 per share.

 

The bank's shareholders approved earlier this month a capital increase to SAR 40 billion from SAR 25 billion through a 60% bonus issue (three shares for every five shares).

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