Marble Design EGM approves nominal value reduction to SAR 1/share

Logo of Marble Design Co.

Marble Design Co.’s shareholders approved splitting the stock nominal value from SAR 10 to SAR 1, according to a statement to Tadawul.  

Following the stock split, the number of shares will rise to 60 million from the current 6 million, the statement said. The company’s capital will, however, remain unchanged.

Meanwhile, shareholders authorized the board of directors to distribute interim cash dividends for 2025 on a semi-annual or quarterly basis.

In a separate statement, the Saudi Exchange (Tadawul) said that the company’s stock fluctuation limits today, June 3, will be based on a share price of SAR 6.20. Accordingly, the outstanding orders will be canceled.

Furthermore, the Securities Depository Center (Edaa) will deposit the split shares into shareholder portfolios before the start of trading on June 11.

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