AlNaqool board recommends 10-for-0.5 stock split
- Date: 27-Apr-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
AlNaqool board recommends 10-for-0.5 stock split
Mohammed Hasan AlNaqool Sons Co.’s board recommended today, April 27, splitting the stock's nominal value from SAR 10 to SAR 0.50.
In a statement to Tadawul, the company said the number of shares will be increased to 58 million from 2.90 million, with no change in capital.
The stock split will be implemented when the company completes the regulatory procedures and obtains the approval of shareholders.
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