Logo of Naqi Water Co.
Naqi Water Co. shareholders rejected reducing the stock's par value from SAR 10 to SAR 0.1 without changing the company’s capital during the extraordinary general meeting (EGM) dated Oct. 18, according to a Tadawul statement.
|
Stock Split Details |
|
|
Current Capital |
SAR 200 mln |
|
Number of Shares |
20 mln |
|
Share Par Value |
SAR 10 |
|
New Capital |
SAR 200 mln |
|
New Number of Shares |
2 bln |
|
Par Value After Stock Split |
SAR 0.1 |
Furthermore, shareholders voted against amending Article (7) of the company’s Articles of Association pertaining to the company capital and Article (8) pertaining to share subscription.
Shareholders also approved amending Article (3) on the company’s purposes, the statement added.
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