Logo of Al-Baha Investment and Development Co.
Al-Baha Investment and Development Co. shareholders will vote on reducing the stock's par value from SAR 10 to SAR 0.10, during the extraordinary general meeting (EGM) scheduled for July 4.
|
Stock Split Details |
|
|
Current Capital |
SAR 297 million |
|
Number of Shares |
29.7 mln |
|
Share Par Value |
SAR 10 |
|
New Capital |
SAR 297 million |
|
New Number of Shares |
2.97 mln shares |
|
Par Value After Stock Split |
SAR 0.10 |
The company said that the decision, if approved, will be effective for shareholders owning shares on the EGM date and registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following EGM date.
The effect of the decision will be applied to the share price starting from the business day following the EGM, provided that the decision will be implemented in relation to the number of shares in shareholders’ portfolios on the second trading day following the EGM date.
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