Logo of National Co. for Glass Industries (Zoujaj)
The National Co. for Glass Industries (Zoujaj) shareholders rejected reducing the stock's par value from SAR 10 to SAR 1 during the ordinary general meeting (OGM) dated May 28, according to a Tadawul statement.
Shareholders also approved the remaining items on the agenda, which included authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2024.
According to data available on Argaam, Zoujaj’s board recommended in May 2023 to split the stock's par value to SAR 1, as shown in the following table:
|
Stock Split Details |
|
|
Current Capital |
SAR 329 mln |
|
Current Number of Shares |
32.9 mln |
|
Share Par Value |
SAR 10 |
|
New Capital |
SAR 329 mln |
|
New Number of Shares |
329 mln |
|
Par Value After Stock Split |
SAR 1 |
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