Saudi Paper Manufacturing Co. announces the deposit of the amounts from selling the shares fractions resulted from the company’s capital Increase in the eligible shareholder’s accounts
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Paper Manufacturing Company announces the completion of the process of selling fractional shares resulting from the increase in the company’s capital approved by the Extraordinary General Assembly (first meeting) held on Thursday, Shawwal 16, 1445 AH, corresponding to April 25, 2024 AD. |
| Share’s Fractions Sale Completion Date | 2024-05-05 Corresponding to 1445-10-26 |
| Number of Sold Shares | 8666 |
| Share’s Fractions Selling Returned Amount | 693,547.40 SR |
| Average Selling Price per share | 80.03 |
| Deposit Date of The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts | 2024-06-03 Corresponding to 1445-11-26 |
| Name and Contact Method of Responsible Entity Distributing The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts | The proceeds from the sale of fractional shares were distributed through Saudi Fransi Bank, by depositing the proceeds from the sale of fractional shares in the bank accounts linked to the investment portfolios of eligible shareholders
In the event that the deposit process fails, any of the company’s shareholders can also visit the nearest branch of the Saudi Fransi Bank to receive their dues. In the event of any inquiries, please contact Investor Relations via email: [email protected] |
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