‎Arab Sea board recommends 10:1 stock split

‎Arab Sea board recommends 10:1 stock split

Arab Sea Information Systems Co.’s board of directors recommended today, Aug. 16, to split the stock nominal value from SAR 10 to SAR 1, according to a statement to Tadawul.

Thus, the number of the company's shares will increase from 10 million to 100 million. The company is committed to completing the necessary related processes, noting that any updates will be announced in due course.