Saudi Azm board recommends 10-for-0.5 stock split

17/04/2023 ِArgaam
Logo ofSaudi Azmfor Communication and Information Technology Co.

Logo of Saudi Azm for Communication and Information Technology Co.

Saudi Azm for Communication and Information Technology Co.'s board recommended today, April 17, splitting the stock's nominal value from SAR 10 to SAR 0.5 per share, while keeping the capital unchanged.
 

In a statement to Tadawul, the company said the number of shares will be increased from three million to 60 million.
 

The move will be implemented after completing the regulatory procedures and obtaining the approval of the extraordinary general meeting.

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