Arab Sea board recommends 10:1 stock split

16/08/2023 Argaam
Logo ofArab Sea Information Systems Co.

Logo of Arab Sea Information Systems Co.

Arab Sea Information Systems Co.’s board of directors recommended today, Aug. 16, to split the stock nominal value from SAR 10 to SAR 1, according to a statement to Tadawul. 

Thus, the number of the company's shares will increase from 10 million to 100 million. The company is committed to completing the necessary related processes, noting that any updates will be announced in due course. 

 

Stock Split Details 

Current Capital 

SAR 100 mln 

Current Number of Shares 

10 mln  

Share Par Value 

SAR 10 

New Capital 

SAR 100 mln 

New Number of Shares 

100 mln  

Par Value After Stock Split 

SAR 1/share 

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