Canadian Medical Center board proposes 10-for-1 stock split

09/04/2023 Argaam
Logo ofCanadian Medical Center Co.

Logo of Canadian Medical Center Co.

Canadian Medical Center Co.’s board of directors recommended, on April 6, a 10-for-1 stock split, the company said in a statement to Tadawul. 

 

Accordingly, the share capital will amount to 77 million instead of 7.7 million, the statement added.

 

The company indicated that all the related necessary measures will be taken and any relevant developments will be announced in due course.

 

Stock Split Details

Current Capital

SAR 77 mln

No. of Shares

7.7 mln

Current Nominal Value

SAR 10 a share

New Capital

SAR 77 mln

No. of Shares

77 mln

New Stock Nominal Value (Post Stock-Split)

SAR 1 a share
 

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