Maharah board proposes 10:1 stock split

10/07/2023 Argaam
Logo ofMaharah Human Resources Co.

Logo of Maharah Human Resources Co.

Maharah Human Resources Co.’s board of directors recommended today, July 10, reducing the stock's nominal value from SAR 10 to SAR 1.

 

In a statement to Tadawul, the company said its capital will remain unchanged, but the number of shares will increase to SAR 475 million from SAR 47.5 million.

 

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

 

Stock Split Details

Current Capital

SAR 475 mln

Number of Shares

47.5 mln

Share Nominal Value

SAR 10

New Capital

SAR 475 mln

New Number of Shares

475 mln

Nominal Value After Stock Split

SAR 1
 

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