Red Sea deposits proceeds of selling fractional shares resulting from capital reduction in shareholders accounts

Red Sea International Company announced on Wednesday the completion of the sale of fractional shares following the decrease of the company’s capital based on the approval of the extraordinary general assembly that was held on 24-07-2022.
The company said in a statement on Tadawul that the number of sold shares is 63,497, indicating that the date of depositing the sums of selling fractional shares in the accounts of eligible shareholders on February 13.09.2022.
Al-Rajhi Capital will deposit the fractional shares proceeds in eligible shareholder’s bank accounts, which are linked to their investment portfolios.