Logo of National Environmental Recycling Co. (Tadweeer)
Shareholders of National Environmental Recycling Co.’s (Tadweeer) approved the board’s proposal for a stock split from SAR 10 to SAR 1 without any change to the company’s capital in the extraordinary general meeting (EGM) held on April 5.
Accordingly, the total number of shares will increase to 58.08 million from 5.81 million shares.
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Stock Split Details |
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Current capital |
SAR 58.08 mln |
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Number of shares |
5.81 mln |
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Current par value |
SAR 10 per share |
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Capital after stock split |
SAR 58.08 mln |
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New number of shares |
58.08 mln |
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Par value after stock split |
SAR 1 per share |
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Effective date |
All shareholders owning shares on the EGM date and who are registered with Edaa by the close of the second trading day following the EGM |
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Application date |
The day after the EGM date. The new number of shares will be deposited in shareholder portfolios by the close of the second trading day following the EGM date |
In a statement to Tadawul, Tadweeer added that other agenda items were also approved during the meeting.
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