Fawaz Alhokair deposits proceeds from fractional shares sale

Fawaz Abdulaziz Alhokair Co. concluded on July 27 the sale of the fractional shares resulting from the company’s capital decrease, which was approved by the extraordinary general assembly meeting (EGM) on June 29.
 

The company sold 40,618 shares at an average price of SAR 18.3517 each, totaling SAR 745,409.
 

Last June, the company’s shareholders approved the board of directors’ recommendation to reduce capital to SAR 1.15 billion to offset accumulated losses, according to Argaam's data.