Bank Albilad announces the deposit of the fractions shares sale proceeds arising out of the capital increase into shareholders' portfolios
| Element List | Explanation |
|---|---|
| Introduction | Bank Albilad announces the completion of the selling of the fractions of shares arising out of the Bank's capital increase, which based on the approval of the Extraordinary General Assembly Meeting which includes the capital increase, held on Monday 29 April 2024, as per the below: |
| Share’s Fractions Sale Completion Date | 2024-05-07 Corresponding to 1445-10-28 |
| Number of Sold Shares | 100527 |
| Share’s Fractions Selling Returned Amount | 3,618,828.27 |
| Average Selling Price per share | 36 |
| Deposit Date of The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts | 2024-06-11 Corresponding to 1445-12-05 |
| Name and Contact Method of Responsible Entity Distributing The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts | The proceeds of shares fractions sale were distributed by Bank Albilad and deposited in the bank accounts associated with the eligible shareholders’ investment accounts.
In case of any issue in the deposit process, please visit any branch of Bank Albilad to receive the entitlements.
For further information, please contact Investor Relations via phone 0114798585, or Email: [email protected] during official working hours. |
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