Logo of Saudi Marketing Co. (Farm Superstores)
Saudi Marketing Co.’s (Farm Superstores) board of directors recommended today, July 23, reducing the stock’s par value from SAR 10 to SAR 1.
In a statement to Tadawul, the company pointed out that the number of shares, following to the proposed stock split, will rise to 450 million from 45 million.
The company also said it is committed to completing the necessary related procedures, adding that related developments will be announced in due course.
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Stock Split Details |
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Current Capital |
SAR 450 mln |
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Number of Shares |
45 mln |
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Share Par Value |
SAR 10 |
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New Capital |
SAR 450 mln |
|
New Number of Shares |
450 mln |
|
Par Value After Stock Split |
SAR 1/share |