Logo of Thob Al Aseel Co.
Thob Al Aseel Co.’s shareholders are set to vote on a 10-for-1 stock split from SAR 10 to SAR 1 per share, during the extraordinary general assembly meeting (EGM) slated for June 20, according to a statement to Tadawul.
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Stock Split Details |
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Current Capital |
SAR 400 mln |
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Number of Shares |
40 mln |
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Share Par Value |
SAR 10 |
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New Capital |
SAR 400 mln |
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New Number of Shares |
400 mln |
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Par Value After Stock Split |
SAR 1 |
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Record Date |
If approved, the decision will be applicable to shareholders registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the EGM |
The company also noted that the decision shall apply to the stock price starting from the working day following the EGM. This is provided that the number of shares in shareholders' portfolios will take effect by the end of the second trading day following the EGM.
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