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Gulf Union Alahlia Cooperative Insurance Company announces depositing proceeds from the sale of fractional shares resulting from the increase in the company's capital due to the merger in the bank accounts of eligible shareholders

GULF UNION ALAHLIA 8120 89.33% 23.78 11.22
Element List Explanation
Action Type Increase
Introduction Gulf Union Alahlia Cooperative Insurance Company announces the completion of the process of selling fractional shares resulting from the increase in the company's capital due to the merger and depositing proceeds in the bank accounts of eligible shareholders according to the following:
Fractional Shares Selling End Date 2020-12-10 Corresponding to 1442-04-25
Number of Sold Shares 5453
Fractional Shares Sales Revenue 108,326.48
Average Selling Price per share 19.87
Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors 2021-01-14 Corresponding to 1442-06-01
Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue Distribution of proceeds from the sale of fractional shares has been done by the company through depositing the proceeds in the bank accounts linked to the investment portfolios of registered holder of Al Ahlia for Cooperative Insurance Company shares as of 18/04/1442 H (corresponding to 03/12/2020 AD) and who were recorded in Al Ahlia for Cooperative Insurance Company Share Registry with Edaa as at the end of second trading period following that date.
Additional Information none

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