Logo of Tourism Enterprises Co. (Shams)
Tourism Enterprises Co.’s (Shams) board recommended today, May 2 reducing the stock’s par value from SAR 10 to SAR 0.50 apiece to the upcoming extraordinary general meeting (EGM).
In a statement to Tadawul, the company pointed out that the number of shares post the proposed stock split will rise to 1.15 billion from 57.82 million.
Shams is committed to completing all the relevant stock split-related procedures, the statement added.
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Stock Split Details |
|
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Current Capital |
SAR 578.24 mln |
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Number of Shares |
57.82 mln |
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Share Par Value |
SAR 10 |
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New Capital |
SAR 578.24 mln |
|
New Number of Shares |
1.15 bln |
|
Par Value After Stock Split |
SAR 0.50 |
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