Logo of Al-Jouf Agricultural Development Co.
Al-Jouf Agricultural Development Co.’s board of directors recommended, on Sept. 5, reducing the stock nominal value from SAR 10 to SAR 1, according to a statement to Tadawul.
Accordingly, the company’s share capital will increase from 30 million to 300 million shares.
Any new developments will be duly revealed, the statement said.
|
Stock Split Details |
|
|
Current Capital |
SAR 300 mln |
|
No. of Shares |
30 mln |
|
Current Nominal Value |
SAR 10 |
|
New Capital |
SAR 300 mln |
|
No. of Shares |
300 mln |
|
Post-Stock Split Par Value |
SAR 1 |
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