Logo of Knowledge Tower Trading Co.
Shareholders of Knowledge Tower Trading Co. will vote on reducing the stock’s nominal value from SAR 10 to SAR 1 per share during the extraordinary general meeting (EGM) scheduled for July 5.
The company’s capital will remain unchanged, the company said in a Tadawul statement today, June 11.
|
Stock Split Details |
|
|
Current Capital |
SAR 17.50 mln |
|
Current Number of Shares |
1.75 mln |
|
Par Value |
SAR 10/share |
|
Capital After Stock Split |
SAR 17.50 mln |
|
New Number of Shares |
17.50 mln |
|
Par Value after Stock Split |
SAR 1/share |
|
Record Date |
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 |
|
Payable Date |
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 |
Meanwhile, shareholders will vote on a 15% (SAR 1.5/share) cash dividend for H1 ended March 31, 2023, as follows:
|
Dividend Details (H1 2022/2023) |
|
|
Current Capital |
SAR 17.5 mln |
|
Number of Shares |
1.75 mln |
|
Dividend |
SAR 2.63 mln |
|
Percentage of Capital |
15% (SAR 1.5 per share) |
|
Record Date |
Shareholders registered with Edaa by the close of the second trading day after the EGM date |
|
Payable Date |
Later |
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