Logo ofAqaseem Factory for Chemicals and Plastics Co.
Shareholders ofAqaseem Factory for Chemicals and Plastics Co.approved reducing the stock’s nominal value from SAR 10 to SAR 1 during the extraordinary general meeting (EGM) held on Dec. 15. 
Accordingly, the share capital will increase to 25 million from the current 2.5 million, the company said in a statement toTadawultoday, Dec. 16.
Stock Split Details
Current Capital
SAR 25 mln
Current No. of Shares
2.5 mln
Stock Nominal Value
SAR 10/share
New Capital
SAR 25 mln
New Number of Shares
25 mln
New Nominal Value
SAR 1
There is no change in the company’s capital before and after the stock split process, the statement added.
The stock split resolution will be effective for all shareholders of record, registered with the Securities Depository Center Co. (Edaa) by the close of trading on the second trading day following the EGM date.
The stock split impact will apply to the company’s stock price starting from the day following the EGM date. This is provided that the number of shares will be reflected in shareholders’ portfolios at the end of the second trading day following the EGM date.
In a separate statement,Tadawulsaid the stock’s fluctuation limits will be based on a share price of SAR 7.5 today. Accordingly, the outstanding orders will be canceled.
Edaa will deposit the split shares into the shareholders’ portfolio before the start of trading on Dec. 18, the statement added.
Logo ofAqaseem Factory for Chemicals and Plastics Co.
Shareholders ofAqaseem Factory for Chemicals and Plastics Co.approved reducing the stock’s nominal value from SAR 10 to SAR 1 during the extraordinary general meeting (EGM) held on Dec. 15.
Accordingly, the share capital will increase to 25 million from the current 2.5 million, the company said in a statement toTadawultoday, Dec. 16.
Stock Split Details
Current Capital
SAR 25 mln
Current No. of Shares
2.5 mln
Stock Nominal Value
SAR 10/share
New Capital
SAR 25 mln
New Number of Shares
25 mln
New Nominal Value
SAR 1
There is no change in the company’s capital before and after the stock split process, the statement added.
The stock split resolution will be effective for all shareholders of record, registered with the Securities Depository Center Co. (Edaa) by the close of trading on the second trading day following the EGM date.
The stock split impact will apply to the company’s stock price starting from the day following the EGM date. This is provided that the number of shares will be reflected in shareholders’ portfolios at the end of the second trading day following the EGM date.
In a separate statement,Tadawulsaid the stock’s fluctuation limits will be based on a share price of SAR 7.5 today. Accordingly, the outstanding orders will be canceled.
Edaa will deposit the split shares into the shareholders’ portfolio before the start of trading on Dec. 18, the statement added.
