MetLife AIG to deposit proceeds from fractional share sale Jun. 3

14/05/2018 Argaam

 

MetLife AIG ANB Cooperative Insurance Co. will deposit SAR 234,898 in proceeds from its fractional share sale in shareholders’ portfolios on June 3.

 

The sale proceeds will be deposited directly by National Commercial Bank (NCB) into accounts of eligible shareholders, the company said in a statement to Tadawul on Monday.

 

The insurer sold 9,140 shares at an average price of SAR 25.70 each.

 

The sale process was completed on May 3.

 

Last month, the company's extraordinary general assembly approved a 48.57 percent capital cut to SAR 180 million from SAR 350 million, through the cancellation of 17 million shares, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.