Alsaif Gallery board proposes 10-for-1 stock split

Logo of Al-Saif Stores for Development and Investment Co. (Alsaif Gallery)

Al-Saif Stores for Development & Investment Co.'s (Alsaif Gallery) board of directors recommended on May 5, reducing the stock's par value from SAR 10 to SAR 1.

 

In a statement to Tadawul, the company pointed out that the number of shares will accordingly increase from 35 million to 250 million.

 

The company is committed to complete the necessary relevant procedures, the statment added.

 

Stock Split Details

Current Capital

SAR 350 mln

Number of Shares

35 mln

Share Par Value

SAR 10

New Capital

SAR 350 mln

New Number of Shares

350 mln

Par Value After Stock Split

SAR 1
 

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