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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