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Naseej International Trading Co. sold 8,826 fractional shares at SAR 108.15 per share for a total of SAR 954,520, the company said in a statement to Tadawul.

 

The funds will be deposited into shareholders accounts on Jan. 13, 2021, the statement added.

 

In December 2020, Naseej shareholders approved a 65.4% capital reduction from SAR 178.16 million to SAR 61.63 million through cancelling 11.65 million shares to offset accumulated losses, Argaam reported.

 

Sale of Fractional Shares

Date of Sale

Dec. 27, 2020

Number of shares sold

8,826 

Funds

SAR 954,520

Average price/share

SAR 108.15

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