Logo of Al-Gassim Investment Holding Co. (GACO)
Al-Gassim Investment Holding Co.'s (GACO) board of directors recommended today, April 27, reducing the stock's par value from SAR 10 to SAR 0.5.
Thus, the number of the company's shares will become 600 million shares, instead of 30 million shares, with the company commitment to complete the necessary related process, noting that there is no change in the company's capital before and after the split process, according to a statement to Tadawul.
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Stock Split Details |
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Current Capital |
SAR 300 mln |
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Number of Shares |
30 mln shares |
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Share Par Value |
SAR 10 |
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New Capital |
SAR 300 mln |
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New Number of Shares |
600 mln shares |
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Par Value After Stock Split |
SAR 0.50 |
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