Raoom distributes proceeds from fractional shares sale

Raoom Trading Co. announced that it distributed today, Sept. 27, the proceeds from 106 selling fractional shares at an average price of SAR 128 each, totaling SAR 13,550, to eligible shareholders, according to a bourse filing.

The company's shareholders approved, on Aug. 8, the board’s recommendation to increase capital by 25%, or SAR 12.5 million, to SAR 62.5 million, through issuing one bonus share for every four shares held.