SIDC Deposits Proceeds from Fractional Shares Sale after Capital Reduction into Shareholders Accounts

Saudi Industrial Development Co. (SIDC) announced on Sunday the completion of selling fractional shares resulting from its capital reduction, depositing 853,923.40 riyals into the accounts of eligible shareholders.

A total of 28,234 shares were sold at an average price of 30.2445 riyals per share.

The proceeds were deposited into the bank accounts of shareholders who meet all banking requirements.

The Company advised its shareholders to ensure their bank account details, including IBAN and SWIFT codes, are up to date and linked to their investment portfolios for the deposit of proceeds from the sale.