Al Rajhi Bank deposits proceeds from fractional shares sale

Al Rajhi Bank completed today, May 19, depositing around SAR 3.298 million proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse statement.

The bank sold 35,262 shares at an average price of SAR 93.70 per share.

The bank's shareholders approved earlier this month a capital increase to SAR 40 billion from SAR 25 billion through a 60% bonus issue (three shares for every five shares).