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Full Announcement

National Agriculture Development Co. (NADEC) announces deposit of the fractions shares sale proceeds arising out of the capital increase into shareholders portfolios - 2015/04/19

National Agriculture Development Co. (NADEC) announces the completion of selling fractions shares arising out of the company's capital increase based on the approval of extraordinary general assembly meeting which was held on 17-03-2015 corresponding to 26-05-1436 as following:

  1. The total number of shares fractions is 7,889 shares
  2. Sold fractions shares on 01-04-2015 corresponding to 12-06-1436 with a value of SAR 280,464.54 Millions by average price SAR 35.59
  3. Amounts will be deposited into the shareholders accounts starting from 10-05-2015 corresponding to 21-07-1436 H

Al Rajhi Bank will deposit the fractions shares amount to those whose accounts data are available, whereas those whose accounts data are not sufficient are requested to contact any branch of Al Rajhi Bank to receive their due compensation amount after 10-05-2015 corresponding to 21-07-1436 H.