Logo of Fitaihi Holding Group
Fitaihi Holding Group’s board of directors recommended today, July 6, reducing the stock's nominal value from SAR 10 to SAR 1.
In a statement to Tadawul, the jewelry retailer said its capital will remain unchanged, but the number of shares will increase to SAR 275 million from SAR 27.5 million.
The company will complete the necessary measures and will duly announce any relevant updates, the statement added.
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Stock Split Details |
|
|
Current Capital |
SAR 275 mln |
|
Number of Shares |
27.5 mln |
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Share Nominal Value |
SAR 10 |
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New Capital |
SAR 275 mln |
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New Number of Shares |
275 mln |
|
Nominal Value After Stock Split |
SAR 1 |
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