Edaa implements stock-split on Al-Modawat

12/06/2024 Argaam
Logo ofAl-Modawat Specialized Medical Co.

Logo of Al-Modawat Specialized Medical Co.

The Securities Depository Center Company (Edaa) announced implementing stock split on Al-Modawat Specialized Medical Co. resulting from adjusting the par value today, June 12, on the center’s accounts of eligible securities’ holders, according to a statement on Tadawul.

 

Shareholders of Al-Modawat recently approved the board’s proposal for reducing the stock’s par value from SAR 10 to SAR 1, during an extraordinary general meeting (EGM), Argaam reported.

 

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