Anaam shareholders to vote on 10-for-0.5 stock split on July 6

15/06/2023 Argaam

Anaam shareholders to vote on 10-for-0.5 stock split on July 6

Logo of Anaam International Holding Group

Anaam International Holding Group shareholders will vote on reducing the stock's nominal value from SAR 10 to SAR 0.50 during the extraordinary general meeting (EGM) scheduled for July 6.

 

Meanwhile, the company's capital will remain unchanged, the company said in a statement to Tadawul.

 

Stock Split Details

Current Capital

SAR 315 million

Number of Shares

31.50 mln

Share Par Value

SAR 10

New Capital

SAR 315 million

New Number of Shares

630 mln shares

Par Value After Stock Split

SAR 0.5/share

Effective Date

July 6, 2023, to those registered with Edaa at the end of the second trading day following the EGM date.

Implementation Date

The decision will be effective for all the company’s shareholders who own shares on the EGM date and are registered in the company’s shareholder register with Edaa at the end of the second trading day following the EGM date.

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