Edaa implements corporate action on Jarir

04/06/2023 Argaam
A Jarir showroom

A Jarir showroom


The Securities Depository Center Co. (Edaa) announced implementing stock split on Jarir Marketing Co. resulted from adjusting the face value today, June 4, on the center’s accounts of eligible securities’ holders, according to a statement on Tadawul.

 

Last week, Jarir Marketing Co.’s shareholders approved the board’s proposal for reducing the stock’s par value from SAR 10 to SAR 1, during an extraordinary general meeting (EGM), Argaam reported.

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