Naba Alsaha deposits proceeds from fractional shares sale

11/12/2023 Argaam
Logo ofNaba Alsaha Medical Services Co.

Logo of Naba Alsaha Medical Services Co.

Naba Alsaha Medical Services Co. completed, on Dec. 11, depositing the proceeds from selling fractional shares resulting from the company’s capital increase in the accounts of eligible shareholders, according to a statement on Tadawul.

 

On Nov. 26, the company sold 129 fractional shares for SAR 58.47 per share, totaling SAR 7,529.

 

Naba Alsaha shareholders approved on Nov. 19 the board's recommendation on increasing capital by 50% through a one-for-two bonus-share distribution, according to data available with Argaam.

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