Zoujaj shareholders to vote on 10:1 stock split on May 28

Logo of National Company for Glass Industries (Zoujaj)

The National Company for Glass Industries' (Zoujaj) shareholders will discuss reducing the stock's nominal value from SAR 10 to SAR 1 per share, during the extraordinary general meeting (EGM) slated for May 28.

 

Details of Stock Split

Current Capital

SAR 329 mln

Current No. of Shares

32.9 mln

Stock Nominal Value

SAR 10

New Capital

SAR 329 mln

No. of Shares

329 mln

Stock Nominal Value

SAR 1
 

There is no change in the company's capital before and after the stock split, the statement noted.

 

Shareholders of record registered with the Securities Depository Center Co. (Edaa) by the close of trading on the second day following the EGM date will be entitled to the stock split.

 

The decision, if approved, will be applied starting from the working day following the EGM, provided that the number of shares in the shareholders' portfolios are applied at the end of the second trading day following the EGM date.

 

 Shareholders will authorize the board to pay interim dividends on a semi-annual or quarterly basis for 2024.

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