Anaam board recommends reverse stock split to SAR 10

Logo of Anaam International Holding Group

Anaam International Holding Group’s board recommended today, Dec. 10, a reverse stock split, raising the nominal share value from SAR 0.50 to SAR 10, according to a statement on Tadawul.

This move will reduce the number of shares from 630 million to 31.5 million without altering the company’s capital.

Anaam confirmed it will complete all necessary regulatory steps.

In July 2023, shareholders approved a stock split that lowered the nominal value from SAR 10 to SAR 0.50 per share, according to Argaam’s data.