Zahrat Al Waha’s stock split to SAR 1 goes through
Zahrat Al Waha’s stock split approved on Nov. 18
Zahrat Al Waha for Trading Co.’s shareholders approved the board's recommendation to adjust the stock’s par value from SAR 10 to SAR 1 per share, during the extraordinary general meeting (EGM) held on Nov. 18.
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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 Par Value |
SAR 10/share |
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New Capital |
SAR 225 mln |
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New Number of Shares |
225 mln |
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New Par Value |
SAR 1 |
In a statement to Tadawul today, Nov. 19, the company said the decision will apply to all shareholders of record on the EGM date and those registered with the Securities Depository Center (Edaa) by the close of trading on the second day following the record date.
In a separate statement, the Saudi Exchange (Tadawul) said that the fluctuation limits today, Nov. 19, for Zahrat Al Waha will be based on a share price of SAR 2.46 and the outstanding orders will be canceled.