Logo of Saudi Chemical Co. Holding (SCCH)
Shareholders of Saudi Chemical Co. Holding (SCCH) will vote on a stock split from SAR 10 to SAR 1, during the extraordinary general meeting (EGM) scheduled for June 21, the company said in a Tadawul statement.
|
Stock Split Details |
|
|
Current Capital |
SAR 843.2 mln |
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Number of Shares |
84.32 mln |
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Nominal Value |
SAR 10/share |
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Post-Split Capital |
SAR 843.2 mln |
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Post-Split Number of Shares |
843.20 mln |
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Post-Split Nominal Value |
SAR 1/share |
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Record Date |
If approved, the decision will be applicable to shareholders registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the EGM |
The company also noted that the decision shall apply to the stock price starting from the working day following the EGM. This is provided that the number of shares in shareholders' portfolios will take effect by the end of the second trading day following the EGM.
Shareholders will also vote on authorizing the board of directors to distribute interim dividend for 2023 on a semiannual or quarterly basis. This is besides setting the record and distribution dates, in accordance with the Implementing Regulations of the Companies Law for Listed Joint Stock Companies, and as per Saudi Chemical's financial position, cash flows as well as its expansion and investment plans.
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