Logo of WAJA Co.
WAJA Co.’s shareholders will vote on a board recommendation to split the stock's par value from SAR 10 to SAR 0.5, while keeping capital unchanged, during the extraordinary general assembly meeting (EGM) that will be held on June 19.
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Stock Split Details |
|
|
Current Capital |
SAR 35 mln |
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Number of Shares |
3.5 mln |
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Share Par Value |
SAR 10 |
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New Capital |
SAR 35 mln |
|
New Number of Shares |
70 mln |
|
Par Value After Stock Split |
SAR 0.5 |
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Record Date |
If approved, the decision will be applicable to shareholders registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the EGM |
In a statement on Tadawul today, May 28, the company also noted that the decision shall apply to the stock price starting from the working day following the EGM. This is provided that the number of shares in shareholders' portfolios will take effect by the end of the second trading day following the EGM.
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