Maharah shareholders to vote on reducing nominal value to SAR 1 on Feb. 1
10/01/2024 Argaam
Logo of Maharah Human Resources Co.
Shareholders of Maharah Human Resources Co. will discuss reducing the stock's nominal value from SAR 10 to SAR 1 during the extraordinary general meeting (EGM) scheduled for Feb. 1, according to a Tadawul statement.
|
Highlights of Nominal Value Reduction |
|
|
Current Capital |
SAR 475 mln |
|
Number of Shares |
47.5 mln |
|
Nominal Value |
SAR 10 |
|
New Capital |
SAR 475 mln |
|
New Number of Shares |
475 mln |
|
Nominal Value After Reduction |
SAR 1 |
In a statement to Tadawul, Maharah said that the decision, if approved, will be effective for shareholders owning shares on the EGM date and registered with the Securities Depository Center Co. (Edaa) by the close of the second trading day following the EGM date.
The decision impact on the stock price will appear as of the second business day following the EGM, provided that the decision is applied to the number of shares in shareholders' portfolios on the second trading day following the EGM date.