Monday, 11 December 2023

Resulting from its capital reduction

Fitaihi Holding Announce Sale of Share Fractions

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Fitaihi Holding Group announced on Sunday that the sale of share fractions resulted from the reduction of the company’s capital has been completed and the sale proceeds will be deposited in the accounts of the eligible shareholders.

The number of Number of Sold Shares is 2738 shares, while the amount of fractional shares sales revenues, amounted to SR161,025.20 and the average selling price per share posted SR58.81, the company said in a statement on Tadawul.

The date for depositing fractional shares sales revenues, in the bank accounts of eligible investors, will take place on Sept. 28, 2021.

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The company requested the shareholders to update their data, to link their bank account numbers to their investment portfolios, in order to ensure that the sale proceeds of the share fractions, are deposited into their accounts, at the banks on the day of distribution.

This comes in reference to the announcement of Fitaihi Holding Group on Sept. 6, 2021, regarding the enforcement of the resolution to reduce the company’s capital.

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