Nama Chemicals Co.’s shares reduction is reflected on investors’ portfolios on Tuesday, The Securities Depository Center (Edaa) said in a statement on Tadawul.
On May 11, the company’s extraordinary general assembly approved an 81.7 percent capital cut (one share for every 1.224 outstanding shares) to SAR 235.2 million from SAR 1.3 billion.
Accordingly, 105 million shares were cancelled to 23.52 million from 128.52 million.
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