Al-Baha board plans 10-for-0.1 stock split

31/05/2023 Argaam
Logo ofAl-Baha Investment and Development Co.

Logo of Al-Baha Investment and Development Co.

Al-Baha Investment and Development Co.’s board of directors recommended, on May 30, splitting the stock's par value from SAR 10 to SAR 0.1, while keeping the company’s capital unchanged.

 

Stock Split Details

Current Capital

SAR 297 mln

Number of Shares

29.7 mln

Share Par Value

SAR 10

New Capital

SAR 297 mln

New Number of Shares

2.97 bln

Share Par Value After Stock Split

SAR 0.1
 

In a statement to Tadawul, the company confirmed its commitment to completing the necessary related process, adding updates will be announced in due course.

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