Equipment House deposits proceeds from fractional shares sale

12/10/2023 Argaam

Scientific & Medical Equipment House Co. (Equipment House) concluded on Sept. 20 the sale of the fractional shares resulting from the company’s bonus issue, which was approved by the extraordinary general assembly meeting (EGM) on Sept. 3.

 

The company sold 15,103 shares at an average price of SAR 45.86 apiece for the total of SAR 692,585.

 

Proceeds of the sale to be deposited into eligible investors accounts as of today, Oct. 12, 2023, the company said in a statement to Tadawul.

 

Last September, the company's shareholders approved the board’s recommendation to increase capital from SAR 200 million to SAR 300 million through a one-for-two bonus share distribution, according to data compiled by Argaam.

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