Logo of International Human Resources Co. (IHR)
Shareholders of International Human Resources Co. (IHR) approved the board’s recommendation on reducing the stock’s nominal value to SAR 0.5 from SAR 10, during the extraordinary general meeting (EGM) held on June 13, the company said in a filing to Tadawul.
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Stock Split Details |
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Current Capital |
SAR 25 mln |
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Number of Shares |
2.5 mln |
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Nominal Value |
SAR 10/share |
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New Capital |
SAR 25 mln |
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Shares after Stock Split |
50 mln |
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Nominal Value after Stock Split |
SAR 0.50/share |
In a separate statement, the Saudi Exchange (Tadawul) said the fluctuation limit was based on a share price of SAR 3.24 today, June 14. Outstanding orders were canceled.
Edaa will deposit the stock-split shares in investor portfolios before the start of trade on June 18.
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