BATIC to deposit share fraction sale proceeds June 10

26/05/2018 Argaam

BATIC Investment and Logistics Co. (BATIC) will deposit SAR 199,987 proceeds from the share fraction sale in shareholders’ portfolios on June 10.

 

The company sold 5,287 shares at an average price of SAR 38 each.

 

The sale proceeds will be deposited directly by Al Rajhi Bank into accounts of eligible shareholders, the company said in a statement to Tadawul on Thursday.

 

BATIC’s shareholders on April 29 approved a 25 percent capital hike to SAR 300 million from SAR 240 million, through the issue of one bonus share for every four shares held, Argaam previously reported.

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