WAJA shareholders approve 10-for-0.5 stock split

Logo of WAJA Co.

Shareholders of WAJA Co. approved the board’s recommendation to reduce the stock’s par value from SAR 10 to SAR 0.5, during the extraordinary general meeting (EGM) held on June 19, according to a statement to Tadawul.

The stock split will apply to shareholders of record and those registered with Edaa on the second trading day following the EGM date.

The stock split will be applied to the share price as of the business day following the EGM, while the number of shares will accordingly be adjusted in shareholder portfolios on the second trading day following the EGM date.

In a separate statement, Tadawul said the stock’s fluctuation limits will be based on a share price of SAR 6 today, June 20. Accordingly, the outstanding orders will be canceled.

The Securities Depository Center (Edaa) will deposit the split shares into the investor’s portfolios by June 22, the statement added.