Logo of Al Kathiri Holding Co.
Shareholders of Al Kathiri Holding Co. approved the board’s proposal for a stock split from SAR 10 to SAR 0.50 without any change to the company’s capital, during the extraordinary general meeting (EGM) held on April 12.
Accordingly, the total number of shares will increase to 226.04 million from 11.30 million shares, Al Kathiri said in a statement to Tadawul.
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Stock Split Details |
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Current capital |
SAR 113.02 mln |
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Number of shares |
11.30 mln |
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Current par value |
SAR 10 per share |
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Capital after stock split |
SAR 113.02 mln |
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New number of shares |
226.04 mln |
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Par value after stock split |
SAR 0.50 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 |
Further, Al Kathiri added that board members were elected for the next three-year term, which started on April 12, 2023. These board members are Meshal Al Kathiri, Saud Al-Shuraim, Khaled Al-Khayal and Abdullah Al Shaikh.
In a separate statement, Saudi Exchange (Tadawul) said Al Kathiri’s daily trading fluctuation limit will be based today, April 13, on a share price of SAR 3.47 and the outstanding orders will be canceled.
The Securities Depository Center (Edaa) will deposit the split shares into investor portfolios by April 17.
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