GACO board proposes 10-for-0.5 stock split

27/04/2023 Argaam

GACO board proposes reducing nominal value from SAR 10 to SAR 0.5

Logo of Al-Gassim Investment Holding Co. (GACO)

Al-Gassim Investment Holding Co.'s (GACO) board of directors recommended today, April 27, reducing the stock's par value from SAR 10 to SAR 0.5.

 

Thus, the number of the company's shares will become 600 million shares, instead of 30 million shares, with the company commitment to complete the necessary related process, noting that there is no change in the company's capital before and after the split process, according to a statement to Tadawul.

 

Stock Split Details

Current Capital

SAR 300 mln

Number of Shares

30 mln shares

Share Par Value

SAR 10

New Capital

SAR 300 mln

New Number of Shares

600 mln shares

Par Value After Stock Split

SAR 0.50

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