Fitaihi Holding Group will complete, on Sept. 28, depositing around SAR 161,025.20 in proceeds from the sale of fractional shares in the accounts of eligible shareholders, according to a bourse statement.

 

The company sold 2,738 shares at an average price of SAR 58.81 each.

 

According to data compiled by Argaam, the company’s shareholders approved in July a 50% capital cut to SAR 275 million from SAR 550 million through writing off 27.5 million shares.

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