Shams board proposes 10-for-0.5 stock split
- Date: 02-May-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Shams board proposes 10-for-0.5 stock split
Tourism Enterprises Co.’s (Shams) board recommended splitting the stock’s par value from SAR 10 to SAR 0.50 apiece, during its extraordinary general meeting (EGM) today, May 2.
In a statement to Tadawul, the company pointed out that the number of shares post the proposed stock split will rise to 1.15 billion from 57.82 million.
Shams is committed to completing all the relevant stock split-related procedures, the statement added.
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