Riyadh – Mubasher: The Saudi Investment Bank (SAIB) announced the sale of 9.75 million treasury shares in a rump offering for a value of SAR 15.56 per share, according to a bourse disclosure on Sunday.

The total value of the sold rump treasury shares amounted to SAR 151.75 million.

SAIB added that the coverage percentage has reached 648% by the end of the rump offering period.

Depositing the shares into shareholders' accounts will take place on 9 September.

Source: Mubasher

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