Sadirat board amends stock split proposal to 10-for-1

03/07/2024 Argaam
Logo ofSaudi Industrial Export Co. (Sadirat)

Logo of Saudi Industrial Export Co. (Sadirat)

Saudi Industrial Export Co.’s (Sadirat) board of directors amended its previous stock split recommendation to reducing the nominal value from SAR 10 to SAR 1 per share, according to a statement to Tadawul.

 

Stock Split Details

Current Capital

SAR 194.4 mln

Number of Shares

19.44 mln

Par Value

SAR 10/share

Capital After Stock Split

SAR 194.4 mln

 Shares After Stock Split

194.4 mln

Par Value After Stock Split

SAR 1/share
 
 

According to data compiled by Argaam, the company’s board recommended, in June 2023, a stock split from SAR 10 to SAR 0.50 per share.

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