Mobile Telecommunication Company Saudi Arabia (Zain KSA) announces the deposit of sums resulting from selling fractional shares following decrease of the company’s share capital in the accounts of eligible shareholders
Sunday 8 November 2020| ELEMENT LIST | EXPLANATION |
| Action Type |
Decrease |
| Introduction | Mobile Telecommunication Company Saudi Arabia (Zain KSA) (the "Company") announces the completion of sale of fractional shares following a decrease of the company’s share capital based on the approval of the Extraordinary General Meeting that took place on 21/02/1442H corresponding to 08/10/2020G. |
| Fractional Shares Selling End Date |
2020-10-19 Corresponding to 1442-03-02
|
| Number of Sold Shares | 186552 |
| Fractional Shares Sales Revenue | 2566955.52 |
| Average Selling Price per share | 13.76 |
| Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors | 2020-11-05 Corresponding to 1442-03-19 |
| Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue |
The proceeds from fractional shares will be deposited directly through Al-Rajhi Bank into the investment accounts of the eligible shareholders. For shareholders whom bank account information is not available or incomplete, please visit any branch of Al-Rajhi Bank to receive the allocated amount.
|