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Edaa implements reverse stock split on Al-Baha
13/04/2025
Argaam
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Logo of Al-Baha Investment and Development Co.
The Securities Depository Center Co. (Edaa) announced implementing a reverse stock split on Al-Baha Investment and Development Co.’s securities.
Therefore, the stock’s nominal value was adjusted in shareholders’ accounts as of today, April 13, Edaa said in a statement published on Tadawul.
Shareholders approved the board’s recommendation to adjust the stock’s par value from SAR 0.10 to SAR 1 a share during the extraordinary general meeting (EGM) held on April 8, according to data available with Argaam.
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