Percentage of Covering the Remaining Treasury Stock Shoot up to 648%

Outcomes of selling the remaining treasury stock or the remaining shares, and allocating the sold treasury shares announced, by the Saudi Investment Bank, putting the covering percentage by the selling deadline, at 648%.

According to the bank’s statement reported on Tadawul portal, the number of sold stock reached 9,753,403, while the overall sum of the selling returns of the non-subscribed shares, stood at SR151,753,415.

Subsequently, the average price of a stock was SR15.56.

It’s noteworthy that a date for stock deposit in the subscribers’ accounts was set on Sept 9, 2021.