Zahrat Al Waha board proposes 10:1 stock split
19/08/2025 Argaam
Logo of Zahrat Al Waha for Trading Co.
Zahrat Al Waha for Trading Co.’s board of directors today, Aug. 19, recommended splitting the stock nominal value from SAR 10 to SAR 1, according to a statement to Tadawul.
The company confirmed that the capital will remain unchanged at SAR 225 million under the proposed move. However, the number of shares will increase from 22.5 million to 225 million.
Zahrat Al Waha stressed its commitment to completing all the relevant regulatory procedures and obtaining the approval of the extraordinary general meeting (EGM).
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Stock Split Details |
|
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Current Capital |
SAR 225 mln |
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Number of Shares |
22.5 mln |
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Current Share Par Value |
SAR 10 |
|
New Capital |
SAR 225 mln |
|
New Number of Shares |
225 mln |
|
Par Value After Stock Split |
SAR 1/share |
The company noted that any updates will be announced in due course.