Logo of Thob Al Aseel Co.
Thob Al Aseel Co. shareholders approved the board's recommendation to reduce the nominal value from SAR 10 to SAR 1 per share, during the extraordinary general meeting held on June 20, according to Tadawul statement.
|
Stock Split Details |
|
|
Current Capital |
SAR 400 mln |
|
Number of Shares |
40 mln |
|
Share Par Value |
SAR 10 |
|
New Capital |
SAR 400 mln |
|
New Number of Shares |
400 mln |
|
Par Value After Stock Split |
SAR 1 |
|
Effective Date |
Shareholders of record on the EGM date who are registered with the Securities Depository Center Company (Edaa) at the end of the second trading day following the EGM date |
The stock split will be applied to the share price as of the business day following the EGM, while the number of shares will accordingly be adjusted in shareholder portfolios on the second trading day following the EGM date.
Meanwhile, shareholders mandated the board to distribute dividends semi-annually or quarterly for 2023.
In a separate statement, Tadawul said the stock’s fluctuation limits will be based on a share price of SAR 5.25 today, June 21. Accordingly, the outstanding orders will be canceled.
Edaa will deposit the split shares into the investor’s portfolios by July 2, the statement added.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}