Future Care shareholders to vote on 10-for-0.1 stock split on June 11

21/05/2023 Argaam

Future Care shareholders to vote on 10-for-0.1 stock split on June 11

Logo of Future Care Trading Co.

Future Care Trading Co.’s shareholders will vote on splitting the nominal value of the share from SAR 10 to SAR 0.1, during the extraordinary general meeting (EGM) scheduled for June 11.

 

Stock Split Details

Current Capital

SAR 50 mln

Number of Shares

5 mln

Share Par Value

SAR 10

New Capital

SAR 50 mln

New Number of Shares

500 mln

Par Value After Stock Split

SAR 0.1
 

In a statement to Tadawul, Future Care pointed out that the stock split decision, if approved, will be applicable on all the company’s shareholders who own shares on the EGM date and who are registered with the Securities Depository Center (Edaa) at the end of the second trading day following the EGM.

 

The stock split effect will apply to share price starting from the subsequent working day following the EGM. Meanwhile, the new number of shares in shareholders’ portfolios will take effect by the end of the second trading day following the EGM.

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