Thob Al Aseel board plans 10:1 stock split
Logo of Thob Al Aseel Co.
Thob Al Aseel Co.’s board of directors recommended, on May 7, reducing the stock par value from SAR 10 to SAR 1, according to a statement to Tadawul.
Accordingly, the total number of shares will increase to 400 million from 40 million.
The company affirmed its commitment to complete the necessary relevant procedures, indicating that the proposal is subject to the approval of shareholders and the competent authorities.
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Stock Split Details |
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Current Capital |
SAR 400 mln |
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Number of Shares |
40 mln |
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Share Par Value |
SAR 10/share |
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New Capital |
SAR 400 mln |
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New Number of Shares |
400 mln |
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Par Value After Stock Split |
SAR 1/share |