Al-Rajhi Company for Cooperative Insurance 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 | Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) announces the distribution of proceeds, to eligible shareholders, from the sale of fractional shares, as approved by the extraordinary general assembly held on Sunday 19-05-1444H corresponding to 03-12-2023. |
| Fractional Shares Selling End Date | 2023-12-03 Corresponding to 1445-05-19 |
| Number of Sold Shares | 1694 |
| Fractional Shares Sales Revenue | 124,405.43 |
| Average Selling Price per share | 73.43 |
| Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors | 2024-03-27 Corresponding to 1445-09-17 |
| Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue | The proceeds from the sale of the fractional shares will be deposited to eligible investors’ bank accounts, linked to their investment portfolios.
As for the eligibles whose bank account data is not available or incomplete, they can contact the Company through the following:
011-4401144 / 011-4401254 |
| Additional Information | If the due amounts are not received after the deposit date, or there are any other inquiries regarding the amounts of the selling of fractional shares, please contact Investor Relations Department using the following:
011-4401144 / 011-4401254 |
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