MIS deposits proceeds from fractional shares sale

Al Moammar Information Systems Co. (MIS) concluded on June 30 the sale of the fractional shares resulting from the company’s bonus issue, which was approved by the extraordinary general assembly meeting (EGM) on June 22.

MIS sold 1,688 shares at an average price of SAR 81.77 apiece.

Last June, the company's shareholders approved the board’s recommendation to increase capital from SAR 250 million to SAR 300 million through a one-for-five bonus share distribution, according to data compiled by Argaam.