Logo of Arab National Bank (ANB)
Arab National Bank (ANB) concluded today, June 3, depositing proceeds from the sale of the fractional shares resulting from its capital increase, as follows:
|
Fractional Shares Sale Details |
|
|
Number of Shares Sold |
2,132 |
|
Sale Proceeds |
SAR 43,750 |
|
Average Sale Price |
SAR 20.54/share |
|
Sale Completion |
May 23, 2024 |
|
Date of Depositing into Shareholders Accounts |
June 3, 2024 |
The company's shareholders approved, in May, the board's recommendation to increase capital by 33.33% through a 1-for-3 bonus share distribution, raising the capital to SAR 20 billion, according to Argaam's data.
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