Riyadh - Mubasher: Taiba Investments Company has completed the deposit of proceeds from the sale of fractional shares resulting from its capital increase into eligible shareholders’ accounts on 8 June 2026.
The company sold 21,514 fractional shares on 14 May, generating total proceeds of SAR 407,416 at an average price of SAR 18.93 per share, according to a bourse filing.
Meanwhile, the sale followed the capital increase approved by shareholders at the extraordinary general meeting (EGM) held on 10 May 2026.
The proceeds will be transferred through Riyad Bank to shareholders’ investment accounts linked to their portfolios at the Securities Depository Center. If the transfer cannot be completed, shareholders may collect their dues from the nearest Riyad Bank branch.
In April, the Capital Market Authority (CMA) approved Taiba Investment’s capital increase from SAR 2.60 billion to SAR 5 billion through the issuance of one bonus share for every 1.09 existing shares.
