Aldrees Petroleum and Transport Services Co.(ALDREES) Announces the Deposit of Sums Resulting from Selling Fractional Stocks Following Increase of the Company’s Capital in the Accounts of Eligible Shareholders
| ELEMENT LIST | EXPLANATION |
|---|---|
| Action Type | Increase |
| Introduction | Aldrees Petroleum and Transport Services Co. (ALDREES) announces the completion of the process of selling fractional shares resulting from the increase in the company's capital as per the approval of the Extraordinary General Assembly held on 14/04/2021G as per the following: |
| Fractional Shares Selling End Date | 2021-04-27 Corresponding to 1442-09-15 |
| Number of Sold Shares | 18165 |
| Fractional Shares Sales Revenue | 1106928.91 SR |
| Average Selling Price per share | 60.937 SR |
| Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors | 2021-05-26 Corresponding to 1442-10-14 |
| Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue | The company has agreed with Riyad Bank to deposit the profits of the company's shareholders directly in their current accounts linked to their investment portfolios in which Al-Drees shares are deposited in any of the local banks. In the event of failure of the deposit process, any shareholder of the company can go to any branch of Riyad Bank to receive his profits or can contact the banks telephone no 920001816 or e-mail : Impc@riyadbank.com or communicate with the shareholders' relations of the company on e-mail : shares@aldrees.com |
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
MAY 26, 2021
