Data News > Savola Group Deposits Proceeds from Sale of Shares Fractions for Capital Reduction
Savola Group Deposits Proceeds from Sale of Shares Fractions for Capital Reduction
By KlickAnalytics Data Insights | December 31, 2024 11:05AM ET
- The Savola Group has announced the completion of depositing the amounts received from the sale of shares fractions resulting from its Capital Reduction into eligible shareholders' accounts.
- A total of 62,830 shares were sold resulting in a return amount of SAR 2,107,419.98 at an average selling price of SAR 33.60 per share.
- The return amount from the share's fractions selling was deposited in eligible shareholder's accounts on December 31, 2024.
The Savola Group revealed that the funds received from the sale of shares fractions have been successfully deposited into the accounts of eligible shareholders. The completion date for the sale of the shares fractions was December 18, 2024.
Shareholders who have any enquiries regarding the deposit of funds can reach out to the Savola Shareholders Affairs Department through telephone number +966 (12) 2687800, or via business WhatsApp at +966 (12) 2687990, or by email at [email protected]
Moreover, the company plans to announce the deposit of amounts received from the sale of shares fractions of Almarai resulting from the in-kind distribution of its stake in Almarai to eligible shareholders’ accounts at a later date. These funds will also be linked to their portfolios after being sold in the market at the prevailing price.
- A total of 62,830 shares were sold resulting in a return amount of SAR 2,107,419.98 at an average selling price of SAR 33.60 per share.
- The return amount from the share's fractions selling was deposited in eligible shareholder's accounts on December 31, 2024.
The Savola Group revealed that the funds received from the sale of shares fractions have been successfully deposited into the accounts of eligible shareholders. The completion date for the sale of the shares fractions was December 18, 2024.
Shareholders who have any enquiries regarding the deposit of funds can reach out to the Savola Shareholders Affairs Department through telephone number +966 (12) 2687800, or via business WhatsApp at +966 (12) 2687990, or by email at [email protected]
Moreover, the company plans to announce the deposit of amounts received from the sale of shares fractions of Almarai resulting from the in-kind distribution of its stake in Almarai to eligible shareholders’ accounts at a later date. These funds will also be linked to their portfolios after being sold in the market at the prevailing price.
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