Logo of Mohammed Hasan AlNaqool Sons Co.
Mohammed Hasan AlNaqool Sons Co.’s board recommended today, April 27, splitting the stock's nominal value from SAR 10 to SAR 0.50.
In a statement to Tadawul, the company said the number of shares will be increased to 58 million from 2.90 million, with no change in capital.
The stock split will be implemented when the company completes the regulatory procedures and obtains the approval of shareholders.
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Stock Split Details |
|
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Current capital |
SAR 29 mln |
|
Number of shares |
2.9 mln |
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Current par value |
SAR 10 per share |
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Capital after stock split |
SAR 29 mln |
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New number of shares |
58 mln |
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Par value after stock split |
SAR 0.50 per share |
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