Sadirat board proposes 10-for-0.50 stock split

14/06/2023 Argaam
Logo ofSaudi Industrial Export Co. (Sadirat)

Logo of Saudi Industrial Export Co. (Sadirat)

Saudi Industrial Export Co.’s (Sadirat) board of directors recommended on June 13 a stock split from SAR 10 to SAR 0.50 per share, according to a statement to Tadawul.

 

Stock Split Details

Current Capital

SAR 194.4 mln

Number of Shares

19.44 mln

Par Value

SAR 10/share

Capital After Stock Split

SAR 194.4 mln

 Shares After Stock Split

388.80 mln

Par Value After Stock Split

SAR 0.50/share
 

Sadirat said it is committed to finalizing the relevant measures and any updates will be revealed in due course.

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