Red Sea deposits proceeds from fractional shares sale

14/09/2022 Argaam

Red Sea International Co. deposited, on Sept. 13, proceeds from the sale of fractional shares resulting from its capital decrease into eligible shareholders’ accounts. 

 

The fractional shares sale was concluded on July 31, following the approval by the extraordinary general assembly meeting (EGM) on July 24.

 

Red Sea sold 63,497 shares at an average price of SAR 25.87 each, totaling SAR 1.64 million.

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