Shams shareholders to vote on 10-for-0.5 stock split on June 12

22/05/2023 Argaam

Shams shareholders to vote on 10-for-0.5 stock split on June 12

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.

 

 

Stock Split Details

Current Capital

SAR 578.24 mln

Current Number of Shares

57.8 mln

Par Value

SAR 10/share

Capital after Stock Split

SAR 578.24 mln

New Number of Shares

1.15 bln

Par Value after Stock Split

SAR 0.50/share

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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