Logo of Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group)
Shareholders of Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) approved a 10-for-1 stock split, during the extraordinary general meeting (EGM) held on June 21, according to a statement to Tadawul.
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Split Details |
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Current Capital |
SAR 315 mln |
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Number of Shares |
31.50 mln |
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Share Par Value |
SAR 10 |
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Capital After Stock Split |
SAR 315 mln |
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New Number of Shares |
315 mln |
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Par Value After Stock Split |
SAR 1/share |
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Effective Date |
Shareholders of record on the day of the EGM and those registered with Edaa by the end of the second trading day following the EGM |
The stock price will be adjusted accordingly starting from the working day following the EGM. The stock split will apply to the number of shares in shareholders' portfolios by the end of the second trading day following the EGM.
Shareholders also approved amending Article No. 3 of the Articles of Association, related to the company’s objectives, including services of accommodation, food and beverages, in addition to other activities.
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