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.

See other content on the site

Comments

انقر لعرض كل المناقشة