Edaa implements stock split on Arabian Pipes’ securities

09:15 AM (Mecca time) Argaam
Logo ofArabian Pipes Co. (APC)

Logo of Arabian Pipes Co. (APC) 

The Securities Depository Center Company (Edaa) announced implementing a stock split on Arabian Pipes Co.’s securities after adjusting the par value today, Jan. 13, on the accounts of eligible shareholders.

 

For more news on listed companies

 

Shareholders approved, on Jan. 8, the board’s recommendation to reduce the stock’s par value from SAR 10 to SAR 1, data compiled by Argaam showed.

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