Logo of Tourism Enterprises Co. (Shams)
Tourism Enterprise Co.’s (Shams) shareholders greenlit the board’s proposal for reducing the stock’s par value from SAR 10 to SAR 0.5, during the extraordinary general meeting (EGM) held on June 12.
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Stock Split Details |
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Current Capital |
SAR 578.24 mln |
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Current Number of Shares |
57.82 mln |
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Par Value |
SAR 10/share |
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Capital after Stock Split |
SAR 578.24 mln |
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New Number of Shares |
1.15 bln |
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Par Value after Stock Split |
SAR 0.50/share |
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Record Date |
June 12, 2023 (Shareholders registered with the Securities Depository Center Company (Edaa) at the end of the second trading day following the EGM |
In a separate statement, the Saudi Exchange (Tadawul) said Shams’s daily trading fluctuation limit will be based today, June 13, on a share price of SAR 0.87. Outstanding orders will be cancelled.
Edaa will deposit the stock split shares into investor portfolios before the start of trade on June 15.
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