Naqi Water board proposes 10-for-1 stock split

07/05/2023 Argaam
Naqi Water’s production line

Naqi Water’s production line

Naqi Water Co.’s board of directors recommended on May 6, reducing the stock's par value from SAR 10 to SAR 1.

 

In a statement to Tadawul, the company pointed out that the number of shares will accordingly increase from 20 million to 200 million, as shown below:

 

Stock Split Details

Current Capital

SAR 200 mln

Number of Shares

20 mln

Share Par Value

SAR 10/share

New Capital

SAR 200 mln

New Number of Shares

200 mln

Par Value After Stock Split

SAR 1/share
 

.The company affirmed its commitment to complete the necessary relevant procedures, noting that the proposal is subject to the sharehoders’ approval

 

Any material updates in this regard will be announced in due course, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.