Tadweeer board proposes stock split from SAR 10 to SAR 1

26/02/2023 Argaam

Tadweeer board proposes stock split from SAR 10 to SAR 1

Logo of National Environmental Recycling Co. (Tadweeer)

The board of National Environmental Recycling Co. (Tadweeer) recommended on Feb. 23 a stock split from SAR 10 to SAR 1, with no change in the company’s capital. Accordingly, total number of shares will increase to 58.08 million from 5.81 million shares.

 

Stock Split Details

Current capital

SAR 58.08 mln

Number of shares

5.81 mln

Current par value

SAR 10 per share

Capital after stock split

SAR 58.08 mln

New number of shares

58.08 mln

Par value after stock split

SAR 1 per share

 

In a statement to Tadawul, Tadweeer said the move comes in line with the applicable regulations, adding that relevant updates will be duly announced.

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