Logo ofAnaam International Holding Group
Shareholders ofAnaam International Holding Groupapproved a reverse stock split, raising the nominal share value from SAR 0.50 to SAR 10, during the extraordinary general meeting (EGM) held on Feb. 12. according to a statement onTadawul. 
Details
Current Capital
SAR 315 mln
No. of Shares
630 mln
Share Par Value
SAR 0.50
Capital after Reversal
SAR 315 mln
No. of Shares after Reversal
31.50 mln
Par Value after Reversal
SAR 10/share
The decision will be effective for all the company’s shareholders of record on the EGM date and registered in the shareholder register with the Securities Depository Center (Edaa) at the end of the second trading day following the EGM.
For more news on listed companies
The statement pointed out that the decision shall apply to the stock price starting from the business day following the EGM, provided that it will be implemented in relation to the share capital in shareholders’ portfolios on the second trading day following the EGM date.
The Saudi Exchange (Tadawul) said that the fluctuation limit for the stock will be calculated based on a price of SAR 26.20, with all existing orders canceled.
Trading will be suspended for two business days, starting today, Feb. 13. Edaa will add the split shares to shareholders’ portfolios.
The trading suspension will be lifted at the end of trading on Feb. 16.
Logo ofAnaam International Holding Group
Shareholders ofAnaam International Holding Groupapproved a reverse stock split, raising the nominal share value from SAR 0.50 to SAR 10, during the extraordinary general meeting (EGM) held on Feb. 12. according to a statement onTadawul.
Details
Current Capital
SAR 315 mln
No. of Shares
630 mln
Share Par Value
SAR 0.50
Capital after Reversal
SAR 315 mln
No. of Shares after Reversal
31.50 mln
Par Value after Reversal
SAR 10/share
The decision will be effective for all the company’s shareholders of record on the EGM date and registered in the shareholder register with the Securities Depository Center (Edaa) at the end of the second trading day following the EGM.
For more news on listed companies
The statement pointed out that the decision shall apply to the stock price starting from the business day following the EGM, provided that it will be implemented in relation to the share capital in shareholders’ portfolios on the second trading day following the EGM date.
The Saudi Exchange (Tadawul) said that the fluctuation limit for the stock will be calculated based on a price of SAR 26.20, with all existing orders canceled.
Trading will be suspended for two business days, starting today, Feb. 13. Edaa will add the split shares to shareholders’ portfolios.
The trading suspension will be lifted at the end of trading on Feb. 16.
