Sadr Logistics board plans 10-for-1 stock split

14/05/2023 Argaam
Logo ofSadr Logistics Co.

Logo of Sadr Logistics Co.

Sadr Logistics Co.’s board of directors recommended during its meeting, on May 13, splitting 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, following the proposed stock split, will increase from 17.5 million to 175 million.

 

The company affirmed its commitment to complete the necessary related procedures, the statement added.

 

Stock Split Details

Current Capital

SAR 175 mln

Number of Shares

17.5 mln

Par Value

SAR 10/share

New Capital

SAR 175 mln

New Number of Shares

175 mln

Par Value After Stock Split

SAR 1/share
 

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