Logo of Arab Sea Information Systems Co.
Arab Sea Information Systems Co.’s board of directors recommended today, Aug. 16, to split the stock nominal value from SAR 10 to SAR 1, according to a statement to Tadawul.
Thus, the number of the company's shares will increase from 10 million to 100 million. The company is committed to completing the necessary related processes, noting that any updates will be announced in due course.
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Stock Split Details |
|
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Current Capital |
SAR 100 mln |
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Current Number of Shares |
10 mln |
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Share Par Value |
SAR 10 |
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New Capital |
SAR 100 mln |
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New Number of Shares |
100 mln |
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Par Value After Stock Split |
SAR 1/share |
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