Rawasi Albina board recommends stock split from SAR 10 to SAR 1

Logo of Rawasi Albina Investment Co.

Rawasi Albina Investment Co.’s board of directors recommended, on March 29, a stock split from SAR 10 to SAR 1 (10-for-1), according to a statement to Tadawul.

 

Accordingly, the total number of shares will increase to 55 million from 5.5 million, with the company's commitment to complete the necessary related procedures.

 

Stock Split Details

Current Capital

SAR 55 mln

Current Number of Shares

5.5 mln

Par Value

SAR 10/share

Capital After Stock Split

SAR 55 mln

New Number of Shares

55 mln

Par Value after Stock Split

SAR 1/share
 
 

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