Al-Etihad Insurance deposits proceeds from fractional shares sale

Al-Etihad Cooperative Insurance Co. completed today, July 28, depositing around SAR 112,255 proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse statement.

The company sold 7,850 shares at an average price of SAR 14.3 each.

In April, the company's shareholders approved increasing the company’s capital by 12.5% to SAR 450 million from SAR 400 million through a one-for-eight bonus issue, according to data compiled by Argaam.