WAJA board plans 10-for-0.5 stock split

Logo of WAJA Co.

WAJA Co.’s board recommended during its meeting today, May 21, splitting the stock's par value from SAR 10 to SAR 0.5, while keeping capital unchanged.

 

Thus, the number of shares will rise to 70 million from 3.5 million shares, said the company, adding that it will commit to completing regulatory procedures.

 

WAJA also noted that any updates will be announced duly, according to a statement to Tadawul.

 

Stock Split Details

Current Capital

SAR 35 mln

Number of Shares

3.5 mln

Share Par Value

SAR 10

New Capital

SAR 35 mln

New Number of Shares

70 mln

Par Value After Stock Split

SAR 0.5

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