Aljazira Takaful deposits amounts returned from sale of fractional shares from capital increase in shareholders’ accounts

Aljazira Takaful Taawuni Company announced on Monday to its valued shareholders the completion of the process of selling the fractional shares resulting from the increase in the Company’s capital and depositing the sums in shareholders bank accounts, which was approved by the Extraordinary General Assembly, which was held on Monday 25-09-2023.

The company explained today on Tadawul that the number of shares sold was 21,226 shares, and the amount returned from the sale was 338.7 million, while the average selling price for each share was 15.99 riyals.

The Company added that Al Jazira Bank will deposit the proceeds of the sale of the fractions of shares to eligible shareholders in their bank accounts, which are linked to their investment portfolios from yesterday.