The Saudi Investment Company sells all of its own shares for 1.03 billion riyals

Saudi Investment Bank “Istithmar” announced today, Thursday, the final results of the sale of its own shares.

Istithmar stated in a statement to Saudi Tadawul that the number of shares sold amounts to approximately 74.99 million shares, representing all the treasury shares held by the bank.

He added that the total proceeds from the sale of the shares amounted to approximately 1.03 billion riyals.

The Saudi Investment Bank had disclosed the results of the sale of the remaining treasury shares and the assignment of the treasury shares sold, in the coverage ratio at the end of the sale period of the remaining shares reached 648%.

He said the total number of shares sold was 9753,403 shares, worth 151,753,415 riyals, and the average price was 15.56 riyals.

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