SIECO to deposit proceeds from fractional share sale Feb. 1

25/01/2018 Argaam

 

Saudi Industrial Export Co. (SIECO) will deposit SAR 115,909 in proceeds from its fractional share sale in shareholders’ portfolios on Feb. 1, 2018.

 

The sale proceeds will be deposited directly by SABB Bank into accounts of eligible shareholders, the company said in a statement to Tadawul on Thursday.

 

SIECO sold 813 shares at an average price of SAR 142.80 each.

 

The sale process was completed on Jan. 14.

 

Last month, the company's general assembly approved a 90 percent capital cut to SAR 10.8 million from SAR 108 million, to restructure capital and offset accumulated losses.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read