Saudi Paper Manufacturing completes sale of 15,308 fractional shares that resulted from May 7 capital increase, for total sale proceeds of nearly 762,705 Saudi Arabian riyals
Debra Garcia
Saudi Arabia
,
May 27, 2014
(Mubasher)
–
Saudi Paper Manufacturing announced completing the sale of the 15,308 fractional shares that resulted from capital increase on May 7.
The shares were sold at an average price of SAR 49.82 each, totaling SAR 762,704.06.
The sale proceeds will be deposited by the National Commercial Bank (NCB) in shareholders' accounts as of June 3, 2014.;
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