Zahrat Al Waha’s stock split to SAR 1 goes through

08:20 AM (Mecca time) Argaam

Zahrat Al Waha’s stock split approved on Nov. 18

Zahrat Al Waha for Trading Co.’s shareholders approved the board's recommendation to adjust the stock’s par value from SAR 10 to SAR 1 per share, during the extraordinary general meeting (EGM) held on Nov. 18.

 

Stock Split Details

Current Capital

SAR 225 mln

Number of Shares

22.5 mln

Current Par Value​

SAR 10/share

New Capital

SAR 225 mln

New Number of Shares

225 mln

New Par Value​

SAR 1
 

In a statement to Tadawul today, Nov. 19, the company said the decision will apply to all shareholders of record on the EGM date and those registered with the Securities Depository Center (Edaa) by the close of trading on the second day following the record date.

 

In a separate statement, the Saudi Exchange (Tadawul) said that the fluctuation limits today, Nov. 19, for Zahrat Al Waha will be based on a share price of SAR 2.46 and the outstanding orders will be canceled.

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