Naseej to deposit proceeds from fractional shares sale on Aug. 18

11/08/2022 Argaam

Naseej International Trading Co. announced that it will deposit on Aug. 18 the proceeds from selling the fractional shares that resulted from the company’s capital reduction, according to a bourse statement.

 

Naseej sold 7,044 shares at an average price of SAR 30.50 apiece.

 

On July 18, shareholders approved the board’s recommendation to reduce capital by 48.51% to SAR 108.97 million from SAR 211.63 million, according to data compiled by Argaam.

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