Jahez board recommends stock par value reduction to SAR 0.50

04/09/2023 Argaam
Logo of Jahez International Company for Information Systems Technology

Logo of Jahez International Company for Information Systems Technology


The board of Jahez International Company for Information System Technology recommended to reduce the stock nominal value from SAR 10 to SAR 0.50, according to a statement to Tadawul.

 

Stock Split Details

Current Capital

SAR 104.92 mln

No. of Shares

10.49 mln

Stock Nominal Value

SAR 10

New Capital

SAR 104.92 mln

New Number of Shares

209.84 mln

Stock Nominal Stock

SAR 0.5

 

According to the recommendation, the company’s capital will remain intact, after completing the related regulatory measures, and obtaining the general meeting approval.

 

Any relevant updates will be duly revealed, the statement added.

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