Bahri deposits proceeds from fractional shares sale

A Bahri carrier

The National Shipping Company of Saudi Arabia (Bahri) announced today, June 14, the completion of depositing around SAR 260,590 in proceeds from the sale of fractional shares in the accounts of eligible shareholders.

The company sold 10,237 shares, at an average price of SAR 25.50 each, according to a bourse statement.

Shareholders approved, on May 17, increasing capital by 25% from SAR 3.94 billion to SAR 4.92 billion by issuing one bonus share for every four shares held.