Logo of Anaam International Holding Group
Anaam International Holding Group’s shareholders will vote on a reverse stock split, raising the nominal share value from SAR 0.50 to SAR 10, during the extraordinary general meeting (EGM) scheduled for Jan. 14.
|
Details |
|
|
Current Capital |
SAR 315.00 mln |
|
No. of Shares |
630.00 mln |
|
Share Par Value |
SAR 0.50 |
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Capital after Reversal |
SAR 315.00 mln |
|
No. of Shares after Reversal |
31.50 mln |
|
Par Value after Reversal |
SAR 10/share |
Meanwhile, the company's capital will remain unchanged, the company said in a statement to Tadawul.
If approved, the decision will be effective for all the company's shareholders of record on the EGM date and are registered in the company's shareholder register with the Securities Depository Center (Edaa) at the end of the second trading day following EGM.
It added that the decision shall apply to the stock price starting from the business day following the EGM, provided that it will be implemented in relation to the share capital in shareholders’ portfolios on the second trading day following the EGM date.
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