Al-Rajhi Takaful Distributes Proceeds from Sale of Fractional Shares After Capital Increase

Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) announced on Thursday the completion of distributing proceeds from the sale of fractional shares to eligible shareholders. This follows the company’s recent capital increase, with the total amount returned being SAR 124,405.

The distribution involved 1,694 shares sold at an average price of 73.43 riyals per share. The proceeds from these sales were deposited directly into the accounts of eligible shareholders on March 27, 2024.

Eligible shareholders have seen the proceeds from the sale of these fractional shares credited to their bank accounts, which are linked to their investment portfolios