Edaa implements stock split measures on Saudi Top

Headquarters of Saudi Top for Trading Co.

The Securities Depository Center Co. (Edaa) implemented today, Oct. 11, stock split measures resulting from adjusting the nominal value of Saudi Top for Trading Co. shares to the accounts of eligible shareholders, according to the Tadawul website.

 

On Oct. 8, shareholders approved the board's recommendation to reduce the stock nominal value from SAR 10 to SAR 1 a share, while maintaining the company’s capital intact, Argaam earlier reported.

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