Headquarters of BinDawood Holding Co.
BinDawood Holding Co.’s board of directors recommended on May 7, reducing the stock's par value from SAR 10 to SAR 1.
In a statement to Tadawul, the retail firm pointed out that the company’s capital will remain unchanged.
The proposal will result in increasing the number of shares from 114.3 million to 1.143 billion, the statement noted.
The company affirmed its commitment to complete the necessary relevant procedures, indicating that the recommendation is subject to the shareholders’ approval.
Any material updates in this regard will be announced in due course, the statement added.
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Stock Split Details |
|
|
Current Capital |
SAR 1.143 bln |
|
Number of Shares |
114.3 mln |
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Share Par Value |
SAR 10/share |
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New Capital |
SAR 1.143 bln |
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New Number of Shares |
1.143 bln |
|
Par Value After Stock Split |
SAR 1/share |
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