Tadawul adjusts stc reference price, SSF size

31/08/2022 Argaam
Logo of stc

Logo of stc


The Saudi Exchange (Tadawul) announced stc’s reference price and single stock futures (SSFs) size, which were adjusted due to the capital hike, according to a bourse statement.

 

Tadawul indicated that the contract code, reference price and SSF size of the telecom operator will be adjusted today, Aug. 31, as follows:

 

 

SSFs details

Before Adjustment

After Adjustment
 

Contract Name

SSF Reference Price

SSF Size

New Contract Name

SSF Reference Price

SSF Size

(STCF2U)

104.20

100

(STCF2UX)

41.70

250

(STCF2V)

104.60

100

(STCF2VX)

41.85

250

(STCF2Z)

105.20

100

(STCF2ZX)

42.10

250

(STCF3H)

106.25

100

(STCF3HX)

42.50

250

 

Shareholders approved increasing the company’s capital by 150% through a bonus-share distribution during an extraordinary general assembly meeting (EGM) held on Aug. 30.

 

The increase will be through capitalizing SAR 30 billion from the retained earnings via granting 1.5 share for each 1 share owned by shareholder on the eligibility date.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.