Saudi Aramco deposits proceeds from fractional shares sale

09/06/2022 Argaam

Logo of Saudi Aramco

Saudi Arabian Oil Co. (Saudi Aramco) deposited today June 9 the proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse statement.

 

Fractional Shares Sale Highlights

Number of sold shares

290,500

Proceeds from fractional shares sale

SAR 12 mln

Average selling price per share

SAR 41.34

Fractional shares sale end date

May 18

Proceeds deposit date

June 9
 

On May 12, Saudi Aramco’s extraordinary general meeting approved the board’s recommendation to increase the company’s capital from SAR 60 billion to SAR 75 billion by capitalizing SAR 15 billion from retained earnings through granting one bonus share for every 10 shares held, Argaam earlier reported.

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