IHR shareholders approve reducing nominal value to SAR 0.5/share

14/06/2023 Argaam

IHR shareholders approve reducing nominal value to SAR 0.5/share

Logo of International Human Resources Co. (IHR)

Shareholders of International Human Resources Co. (IHR) approved the board’s recommendation on reducing the stock’s nominal value to SAR 0.5 from SAR 10, during the extraordinary general meeting (EGM) held on June 13, the company said in a filing to Tadawul.

 

Stock Split Details

Current Capital

SAR 25 mln

Number of Shares

2.5 mln

Nominal Value

SAR 10/share

New Capital

SAR 25 mln

Shares after Stock Split

50 mln

Nominal Value after Stock Split

SAR 0.50/share

 

In a separate statement, the Saudi Exchange (Tadawul) said the fluctuation limit was based on a share price of SAR 3.24 today, June 14. Outstanding orders were canceled.

 

Edaa will deposit the stock-split shares in investor portfolios before the start of trade on June 18.

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