Gulf Insurance Group 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 | Gulf Insurance Group (GIG) announces the distribution of the proceeds of the sale of the fractions of shares to eligible shareholders, resulting from the company's capital increase through the company's issuance of one bonus share for every five shares owned by the shareholders according to the approval of the Extraordinary General Assembly (First Meeting) held on Thursday 02/05/1445H corresponding to 16/11/2023G. |
| Fractional Shares Selling End Date | 2023-11-22 Corresponding to 1445-05-08 |
| Number of Sold Shares | 4329 |
| Fractional Shares Sales Revenue | SR 114,087.03 |
| Average Selling Price per share | SR 26.4 |
| Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors | 2023-12-10 Corresponding to 1445-05-26 |
| Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue | SNB Bank will deposit the proceeds of the sale of the fractions of shares to eligible shareholders in their bank accounts which are linked to their investment portfolios. |
| Additional Information | If the due amounts are not received after the deposit date, or for any further information regarding the amounts of the selling of fractional shares, please contact the Company's Shareholder Relations via the email shown below:
Or call the following number:
0112730501 |
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