Ash-Sharqiyah board proposes 10-for-0.1 stock split

27/07/2023 Argaam
Logo of Ash-Sharqiyah Development Co.

Logo of Ash-Sharqiyah Development Co.

Ash-Sharqiyah Development Co.'s board of directors recommended today, July 27, reducing the stock's par value from SAR 10 to SAR 0.1, with the company’s capital unchanged, according to a statement to Tadawul.

 

Stock Split Details

Current Capital

SAR 300 mln

Number of Shares

30 mln

Share Par Value

SAR 10

New Capital

SAR 300 mln

New Number of Shares

3 bln

Par Value After Stock Split

SAR 0.1
 

The company confirmed its commitment to complete the necessary related procedures, the statement added, noting that any related developments will be announced in due course.

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