Alasmak to deposit proceeds from fractional shares today

12/02/2019 Argaam

Saudi Fisheries Co. (Alasmak) has sold 3,817 fractional shares on Jan. 6, 2019 at SAR 72.40 per share for a total of SAR 275,905, the company said in a statement to Tadawul.

 

The funds will be deposited into shareholders accounts on Feb. 12, 2019, the statement added.

 

In December 2018, the company’s general assembly approved a 49.45 percent capital cut to SAR 101.1 million from SAR 200 million to restructure capital and offset accumulated losses, Argaam reported.

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