Logo of Fitaihi Holding Group
Fitaihi Holding Group’s shareholders are set to vote on a board recommendation to reduce the stock's nominal value from SAR 10 to SAR 1, during the extraordinary general meeting (EGM) that will be held on Aug. 8.
|
Stock Split Details |
|
|
Current Capital |
SAR 275 mln |
|
Number of Shares |
27.5 mln |
|
Share Nominal Value |
SAR 10 |
|
New Capital |
SAR 275 mln |
|
New Number of Shares |
275 mln |
|
Nominal Value After Stock Split |
SAR 1 |
The company said that the decision, if approved, will be effective for shareholders owning shares on the EGM date and registered with the Securities Depository Center Co. (Edaa) by the end of the second trading day following EGM date.
The effect of the decision will be applied to the stock price starting from the business day following the EGM, provided that the decision will be implemented in relation to the number of shares in shareholders’ portfolios on the second trading day following the EGM date.
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