Logo of Al-Baha Investment and Development Co.
Al-Baha Investment and Development Co.’s shareholders will vote on the board recommendation to adjust the stock’s par value from SAR 0.10 to SAR 1 per share, during the extraordinary general meeting (EGM) to be held on March 5.
In a statement to Tadawul today, Feb. 11, the company said this shall imply no changes to its capital before or after the stock adjustment.
|
Details |
|
|
Current Capital |
SAR 218.3 mln |
|
Current Number of Shares |
2.18 bln |
|
Nominal Value |
SAR 0.10 |
|
New Capital |
SAR 218.3 mln |
|
New Number of Shares |
218.3 mln |
|
New Nominal Value |
SAR 1 |
If approved, the stock adjustment will apply to all shareholders of record on the EGM’s day and those registered with the Securities Depository Center (Edaa) by the close of trading on the second day following the meeting date.
The decision shall reflect on the stock price starting from the next business day following the deciding EGM.
If approved, the adjustment to the number of shares in shareholders’ portfolios will apply on the second trading day after the EGM.
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