Edaa implements reverse stock split on Shams

21/10/2025 Argaam
Logo ofTourism Enterprise Co. (Shams)

Logo of Tourism Enterprise Co. (Shams)

The Securities Depository Center Co. (Edaa) announced implementing a reverse stock split on the shares of Tourism Enterprise Co. (Shams), following the adjustment of the nominal value.

 

The stock’s nominal value was adjusted in shareholders’ accounts as of today, Oct. 21, Edaa said in a statement published on Tadawul.

 

Shareholders approved the board’s recommendation to adjust the stock’s par value from SAR 0.5 to SAR 10 a share during the extraordinary general meeting (EGM) held on Oct. 16, according to data available with Argaam.

 

Trading on the stock resumed today after being suspended for two sessions.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.