The Saudi Paper Manufacturing Company (2300.SR) has announced the successful completion of the sale of fractional shares resulting from the company’s recent capital increase. This follows the approval by the Extraordinary General Assembly during its first meeting on Thursday, Shawwal 16, 1445 AH, corresponding to 25 April 2024 AD.
The sale of the fractional shares was finalised on 5 May 2024 (1445-10-26 AH), with a total of 8,666 shares sold. The sale generated a total return of SAR 693,547.40, with an average selling price of SAR 80.03 per share.
The proceeds from the sale of the fractional shares have been deposited into the accounts of eligible shareholders today, 3 June 2024 (1445-11-26 AH). The distribution was managed through Saudi Fransi Bank, which deposited the funds into the bank accounts linked to the investment portfolios of the shareholders.
In cases where the deposit process may have failed, shareholders are advised to visit the nearest branch of Saudi Fransi Bank to receive their dues. For further inquiries, shareholders can contact Investor Relations via email at [email protected].
This marks a significant step in Saudi Paper Manufacturing Company’s capital increase process, ensuring that all shareholders receive the funds due from the sale of fractional shares.
