ACADEMY OF LEARNING

25 July, 2024 15:50

Academy of Learning Company Announces the deposit of the amounts from selling the shares fractions resulted from the company’s capital increase in the eligible shareholders’ accounts

Element ListExplanation
Introduction Academy of Learning Company announces the completion of the sale of fractional shares resulting from the capital increase, which was approved in the Extraordinary General Assembly Meeting held on Tuesday, 19/12/1445H corresponding to 25-06-2024G. The proceeds from the sale of fractional shares have been deposited into the accounts of eligible shareholders.
Share’s Fractions Sale Completion Date 2024-07-04 Corresponding to 1445-12-28
Number of Sold Shares 40
Share’s Fractions Selling Returned Amount SAR 325.60
Average Selling Price per share SAR 8.14
Deposit Date of The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts 2024-07-25 Corresponding to 1446-01-19
Name and Contact Method of Responsible Entity Distributing The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts The proceeds from the sale of fractional shares have been distributed through Riyadh bank, by depositing the due amounts into the bank accounts linked to the investment portfolios of eligible shareholders. Shareholders who encounter any issues with the deposit process can contact the Investor Relations Department at Phone No: 00966138350522, (, or via email at investor.relations@aol.edu.sa, During the company's official business hours.
Additional Information The share of each shareholder in selling fractional shares amounted to is SAR 4.07, which represents the value of half a share.

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