ACIG board plans 10-for-0.1 stock split

18/05/2023 Argaam
Logo ofAllied Cooperative Insurance Group (ACIG)

Logo of Allied Cooperative Insurance Group (ACIG)

Allied Cooperative Insurance Group’s (ACIG) board of directors recommended during its meeting today, May 18, splitting the stock's par value from SAR 10 to SAR 0.1, while keeping capital unchanged.

 

Thus, the number of shares will rise to 2.91 billion from 29.1 million shares. The company is committed to completing the necessary related process, noting that any updates will be announced duly, according to a statement to Tadawul.

 

Stock Split Details

Current Capital

SAR 291 mln

Number of Shares

29.1 mln

Share Par Value

SAR 10

New Capital

SAR 291 mln

New Number of Shares

2.91 bln

Share Par Value After Stock Split

SAR 0.1

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