Logo of Ghida Al-Sultan Co.
Ghida Al-Sultan Co.’s board of directors recommended, on Oct. 12, to reduce the stock’s nominal value from SAR 10 to SAR 0.50, according to a statement to Tadawul.
Thus, the number of shares would reach 64 million, compared to 3.2 million, while maintaining the company’s capital intact.
The company will finalize the necessary relevant procedures and will reveal any developments in due course, the statement added.
|
Stock Split Details |
|
|
Current Capital |
SAR 32 mln |
|
Number of Shares |
3.2 mln |
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Share Par Value |
SAR 10 |
|
New Capital |
SAR 32 mln |
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New Number of Shares |
64 mln |
|
Par Value After Stock Split |
SAR 0.5 |
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