Al Kathiri shareholders to vote on stock split from SAR 10 to SAR 0.5 on April 12

22/03/2023 Argaam

Al Kathiri shareholders to vote on stock split from SAR 10 to SAR 0.5 on April 12

Logo of Al Kathiri Holding Co. 

Al Kathiri Holding Co.’s shareholders are set to vote on a stock split from SAR 10 to SAR 0.5 (20-for-one) during the extraordinary general meeting (EGM) slated for April 12, according to a statement to Tadawul.

 

Accordingly, the total number of shares will increase to 226.04 million from 11.30 million.

 

Stock Split Details

Current Number of Shares

11.30 mln

Par Value

SAR 10/share

New Number of Shares

226.04 mln

Par Value after Stock Split

SAR 0.50/share
 

If approved, the decision will be applicable to shareholders registered with the Securities Depository Center Company (Edaa) at the end of the second trading day following the EGM.

 

The change will be applied to the share price starting from the working day following the EGM, provided the number of shares in shareholders' portfolios will be applied at the end of the second trading day following the EGM.

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