Thob Al Aseel board plans 10:1 stock split

08/05/2023 Argaam
Logo ofThob Al Aseel Co.

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.

 

Stock Split Details

Current Capital

SAR 400 mln

Number of Shares

40 mln

Share Par Value

SAR 10/share

New Capital

SAR 400 mln

New Number of Shares

400 mln

Par Value After Stock Split

SAR 1/share

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