IHR shareholders to discuss stock split on June 13

Logo of International Human Resources Co.

International Human Resources Co.’s (IHR) shareholders will discuss a stock split proposal by reducing par value to SAR 0.50, during the extraordinary general meeting (EGM), scheduled for June 13, according to a statement to Tadawul. 

 

Stock Split Details

Current Capital

SAR 25 mln

Number of Shares

2.5 mln

Stock’s current par value

SAR 10 per share

New Capital

SAR 25 mln

Number of Shares

50 mln

Stock’s Post-Split Par Value

SAR 0.5 a share
 

If the stock split proposal is approved, it will be applicable to shareholders of record, and those registered with Edaa on the second trading day following the EGM meeting.

 

The stock split will be reflected on the stock price and the number as of shares in shareholder portfolios by the close of the second trading day following the EGM date.

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