Gulf General Cooperative Insurance Company Deposits Proceeds from Sale of Fractional Shares Following Capital Reduction

Gulf General Cooperative Insurance Company announced on Sunday that the amounts resulting from the sale of fractional shares following the decrease of the company’s capital have been deposited in the accounts of eligible shareholders. The company explained that the amount returned from the sale of fractional shares is SAR 44,833.

A total of 3,321 shares were sold at an average price of SAR 13.50 per share. These amounts from the sale of fractional shares were then deposited into the accounts of eligible shareholders on April 4, 2024.

This action was taken based on the approval of the extraordinary general assembly that was held on March 19, 2024