Aqaseem board proposes 10:1 stock split

04:52 PM (Mecca time) Argaam
Logo ofAqaseem Factory for Chemicals and Plastics Co.

Logo of Aqaseem Factory for Chemicals and Plastics Co.

Aqaseem Factory for Chemicals and Plastics Co. board of directors recommended splitting the stock nominal value from SAR 10 to SAR 1, according to a statement to Tadawul.

 

Upon the stock split, the company’s number of shares will rise to 25 million from 2.5 million.

 

For more news on listed companies

 

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 25 mln

Number of Shares

2.5 mln

Share Par Value

SAR 10/share

New Capital

SAR 25 mln

New Number of Shares

25 mln

Par Value After Stock Split

SAR 10

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