Logo of Aljouf Mineral Water Bottling Co.
Al-Jouf Mineral Water Bottling Co.'s board of directors recommended splitting the stock nominal value from SAR 10 to SAR 0.5, according to a statement to Tadawul today, Jan. 16.
Under the proposed stock split, the company’s share capital will rise to 93.75 million from 4.69 million currently.
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Al-Jouf Mineral Water is committed to completing the necessary related procedures, noting that any updates will be announced in due course.
|
Stock Split Details |
|
|
Current Capital |
SAR 46.88 mln |
|
Current Number of Shares |
4.69 mln |
|
Current Par Value |
SAR 10/share |
|
New Capital |
SAR 46.88 mln |
|
New Number of Shares |
93.75 mln |
|
Post-Stock Split Par Value |
SAR 0.50 |
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