Al-Modawat board recommends 10:1 stock split

09/05/2024 Argaam
Logo ofAl-Modawat Specialized Medical Co.

Logo of Al-Modawat Specialized Medical Co.

Al-Modawat Specialized Medical Co.’s board of directors recommended today, May 9, splitting 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 2.37 million to 23.7 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 23.75 mln 

Current Number of Shares 

2.37 mln  

Share Par Value 

SAR 10 

New Capital 

SAR 23.75 mln 

New Number of Shares 

23.75 mln  

Par Value After Stock Split 

SAR 1/share 

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