Mayar shareholders to vote on 10:0.5 stock split on Sept. 28

07/09/2023 Argaam

Mayar shareholders to vote on 10:0.5 stock split on Sept. 28

Logo of Mayar Holding Co.

Mayar Holding Co.’s shareholders will vote on reducing the stock nominal value from SAR 10 to SAR 0.50, during an extraordinary general meeting (EGM), to be held on Sept. 28, according to a statement to Tadawul.

 

Accordingly, the number of shares will increase from six million to 120 million, while the company's capital will remain unchanged.

 

The stock split will be effective to shareholders of record on the EGM day and those registered with the Securities Depository Center Co. (Edaa) by the end of trading on the second day after the EGM, the company added.

 

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