Fitaihi board proposes 10:1 stock split

06/07/2023 Argaam
Logo ofFitaihi Holding Group

Logo of Fitaihi Holding Group

Fitaihi Holding Group’s board of directors recommended today, July 6, reducing the stock's nominal value from SAR 10 to SAR 1.

 

In a statement to Tadawul, the jewelry retailer said its capital will remain unchanged, but the number of shares will increase to SAR 275 million from SAR 27.5 million.

 

The company will complete the necessary measures and will duly announce any relevant updates, the statement added.

 

Stock Split Details

Current Capital

SAR 275 mln

Number of Shares

27.5 mln

Share Nominal Value

SAR 10

New Capital

SAR 275 mln

New Number of Shares

275 mln

Nominal Value After Stock Split

SAR 1

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