Wafa to deposit proceeds from fractional shares on Sept.17

05/09/2018 Argaam

 

Saudi Indian Cooperative Insurance Co. (Wafa) sold 6,532 fractional shares on June 26, 2018 at SAR 14.20 per share for a total of SAR 92,754, the company said in a statement to Tadawul.

 

The funds will be deposited into shareholders accounts on Sept. 17, 2018, the statement added.

 

In June, the insurer’s general assembly approved an 18.03 percent capital reduction to SAR 100 million from SAR 122 million through the cancellation of 2.2 million shares to offset losses, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.