Knowledge Tower shareholders to vote on 10:1 stock split on July 5

Logo of Knowledge Tower Trading Co.

Shareholders of Knowledge Tower Trading Co. will vote on reducing the stock’s nominal value from SAR 10 to SAR 1 per share during the extraordinary general meeting (EGM) scheduled for July 5.

 

The company’s capital will remain unchanged, the company said in a Tadawul statement today, June 11.

 

Stock Split Details

Current Capital

SAR 17.50 mln

Current Number of Shares

1.75 mln

Par Value

SAR 10/share

Capital After Stock Split

SAR 17.50 mln

New Number of Shares

17.50 mln

Par Value after Stock Split

SAR 1/share

Record Date

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

Payable Date

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
 

Meanwhile, shareholders will vote on a 15% (SAR 1.5/share) cash dividend for H1 ended March 31, 2023, as follows:

 

Dividend Details (H1 2022/2023)

Current Capital

SAR 17.5 mln

Number of Shares

1.75 mln

Dividend

SAR 2.63 mln

Percentage of Capital

15% (SAR 1.5 per share)

Record Date

Shareholders registered with Edaa by the close of the second trading day after the EGM date

Payable Date

Later

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