Logo of Tourism Enterprise Co. (Shams)
Tourism Enterprise Co.’s (Shams) shareholders are set to vote on a stock split from SAR 10 to SAR 0.50 during the extraordinary general meeting (EGM) slated for June 12, according to a statement to Tadawul.
There is no change in the issued capital of the company before and after the stock split, the statement added.
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Stock Split Details |
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Current Capital |
SAR 578.24 mln |
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Current Number of Shares |
57.8 mln |
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Par Value |
SAR 10/share |
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Capital after Stock Split |
SAR 578.24 mln |
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New Number of Shares |
1.15 bln |
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Par Value after Stock Split |
SAR 0.50/share |
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Record Date |
If approved, the decision will be applicable to shareholders registered with the Securities Depository Center Company (Edaa) at the end of the second trading day following the EGM |
The change will apply to the share price starting from the working day following the EGM, provided the number of shares in shareholders' portfolios will take effect at the end of the second trading day following the EGM.
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