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Logo of The National Company for Glass Industries’ (Zoujaj)
The National Company for Glass Industries’ (Zoujaj) board of directors recommended today, May 10, reducing the stock's nominal value from SAR 10 to SAR 1.
Accordingly, the total number of shares will increase from 32.9 million to 329 million, the glass manufacturer said in a statement to Tadawul.
The necessary paperwork will be finalized by obtaining the regulatory approvals and shareholders’ nod. The company’s capital will remain unchanged.
Any relevant updates will be duly announced, the statement added.
Stock Split Details |
|
Current Capital |
SAR 329 mln |
Number of Shares |
32.9 mln |
Par Value |
SAR 10/share |
New Capital |
SAR 329 mln |
New Number of Shares |
329 mln |
Par Value After Stock Split |
SAR 1/share |
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