Zahrat Al Waha for Trading Co. Announces the Deposit of Sums Resulting from Selling Fractional Stocks Following Increase of the Company’s Capital in the Accounts of Eligible Shareholders
| Element List | Explanation |
|---|---|
| Action Type | Increase |
| Introduction | Zahrat Al Waha for Trading Co. announces the completion of the process of selling fractional shares resulting from the increase in the company's capital and depositing proceeds in the bank accounts of eligible shareholders based on the extraordinary General Assembly approval which was held on 9 May 2022 according to the following: |
| Fractional Shares Selling End Date | 2022-05-19 Corresponding to 1443-10-18 |
| Number of Sold Shares | 1002 |
| Fractional Shares Sales Revenue | 50,076.80 SAR |
| Average Selling Price per share | 49.99 SAR |
| Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors | 2022-05-26 Corresponding to 1443-10-25 |
| Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue | The Arab National Bank will deposit the amounts of selling fractional shares directly into the investment accounts of the eligible persons by direct transfer to their personal accounts linked to their investment portfolios.
If the due amounts of selling fractional shares are not received after the distribution date, or there are any other inquiries regarding amounts of selling fractional shares, please contact the Investor Relations Officer: Phone: 920021203 Ext.: 304 Email: abd.almohsen@zaoasis.com |
| Additional Information | The company requests all of it’s shareholders to update their bank account with banks before the date of the start of deposit amounts of selling fractional shares to ensure that amounts of selling fractional are deposited into their account. |
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