Sipchem completes sales of fractional shares post-merger

Sahara International Petrochemical Company (Sipchem) has completed the sale of the fractional shares resulting from the share exchange with the shareholders of Sahara Petrochemicals Company, it said in a statement to Tadawul on Thursday.

The proceeds from the sale of fractional shares (SAR 606,396.) will be distributed by Al Rajhi Bank to the bank accounts of Sahara shareholders, who were registered in the share register at the depository center at the end of the second trading day from May 21, 2109.