The Saudi Industrial Investment Group Announces the Deposit of the Proceeds of the Fraction Shares Resulting from the Capital Increase of SIIG in the Accounts of the Eligible Shareholders
| Element List | Explanation |
|---|---|
| Action Type | Increase |
| Introduction | Pursuant to the announcement made by the Saudi Industrial Investment Group (“SIIG”) on 12/09/1443H (Corresponding to 13/04/2022G) in relation to the listing of consideration shares and the completion of the acquisition of the National Petrochemical Company (Petrochem) (the “Acquisition”), SIIG announces that it has completed the sale of the fractional shares resulting from the capital increase of SIIG for the purpose of the Acquisition (the “Fractional Shares”) and it has deposited the net cash proceeds of such sale in the accounts of the eligible Shareholders proportionate to their respective fractional entitlements, as follows: |
| Fractional Shares Selling End Date | 2022-05-29 Corresponding to 1443-10-28 |
| Number of Sold Shares | 16188 |
| Fractional Shares Sales Revenue | 583371 |
| Average Selling Price per share | 36.1 |
| Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors | 2022-05-29 Corresponding to 1443-10-28 |
| Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue | The proceeds of the Fractional Shares sale were distributed by Riyad Bank which shall be deposited in the bank accounts associated with the eligible shareholders’ investment accounts.
If the deposit is not available or incomplete, please visit the nearest Riyad Bank branch or contact Riyad Bank on (0114865996), (0114865993) or (0114865957) or contact the company directly on (0112792522) ext. 405, or at the following email address: [email protected]. |
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