Logo of Al-Saif Stores for Development and Investment Co. (Alsaif Gallery)
Al-Saif Stores for Development & Investment Co.'s (Alsaif Gallery) board of directors recommended on May 5, reducing the stock's par value from SAR 10 to SAR 1.
In a statement to Tadawul, the company pointed out that the number of shares will accordingly increase from 35 million to 250 million.
The company is committed to complete the necessary relevant procedures, the statment added.
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Stock Split Details |
|
|
Current Capital |
SAR 350 mln |
|
Number of Shares |
35 mln |
|
Share Par Value |
SAR 10 |
|
New Capital |
SAR 350 mln |
|
New Number of Shares |
350 mln |
|
Par Value After Stock Split |
SAR 1 |
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