Saudi Aramco shareholders OK 1:10 bonus shares
- Date: 09-May-2023
- Source: Argaam
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Aramco shareholders OK 1:10 bonus shares
Shareholders of Saudi Aramco approved the board’s proposal for increasing capital to SAR 90 billion from SAR 75 billion through the capitalization of SAR 15 billion from retained earnings. The world’s largest oil exporter will distribute one bonus share for every 10 shares held.
*There is no par value for Saudi Aramco’s shares.
In a separate statement, the Saudi Exchange (Tadawul) said the daily fluctuation limit of Saudi Aramco’s shares will be based today, May 9, on a price of SAR 32.55, and outstanding orders will be cancelled.
The Securities Depository Center Co. (Edaa) will deposit the bonus shares into investor portfolios before the start of trade on May 11.
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