Shareholders of Batic Investments and Logistics Co. will vote on a stock split from SAR 10 to SAR 1, during the extraordinary general meeting (EGM) scheduled for June 21, the company said in a Tadawul statement.

 

Stock Split Details

Current Capital

SAR 600 mln

Number of Shares

60 mln

Nominal Value

SAR 10/share

Post-Split Capital

SAR 600 mln

Post-Split Number of Shares

600 mln

Post-Split Nominal Value

SAR 1/share

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

 

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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