National Building updates proposal for nominal value reduction to SAR 0.25

20/06/2023 Argaam

National Building updates proposal for nominal value reduction to SAR 0.25

Logo of National Building and Marketing Co.

National Building and Marketing Co. board of directors amended its stock split recommendation to reducing the stock's par value from SAR 10 to SAR 0.25, with maintaining the capital unchanged.

  

Details of Stock Split

Current Capital

SAR 120 mln

Current Number of Shares

12 mln

Par Value

SAR 10/share

Capital After Stock Split

SAR 120 mln

New Number of Shares

480 mln

Par Value after Stock Split

SAR 0.25/share
 

In May, the company’s board of directors recommended reducing the stock's par value from SAR 10 to SAR 1.

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