Logo ofTourism Enterprise Co.(Shams)
Tourism Enterprise Co.’s (Shams) shareholders approved amendingthe share nominal value during the extraordinary general meeting (EGM) held on Oct. 16, according to a statement to Tadawul. 
Details
Nominal Value
SAR 0.50
New Nominal Value
SAR 10
Number of Shares
1.156 bln
New Number of Shares
57.82 mln
There will be no change in the company’s capital before and after the share value adjustment.
The decision will apply to all shareholders of record on Oct. 16, 2025, and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the EGM.
The share price adjustment will take effect starting from the business day following the EGM date, while the adjusted number of shares will be reflected in shareholders’ portfolios at the end of the second trading day after the EGM.
Shareholders also approved amending Article (7) of the company’s Articles of Association related to capital and Article (8) related to share subscription.
Meanwhile, the Saudi Exchange (Tadawul) announced that fluctuation limits for the company’s shares will be set at SAR 18.40, with outstanding orders canceled.
Furthermore, trading will be halted on the stock for two business days as of today, Oct. 19, until Edaa reflects the reverse split of the company’s shares on investors’ portfolios.
The suspension will be lifted by the end of the trading day on Oct. 20.
Logo ofTourism Enterprise Co.(Shams)
Tourism Enterprise Co.’s (Shams) shareholders approved amendingthe share nominal value during the extraordinary general meeting (EGM) held on Oct. 16, according to a statement to Tadawul.
Details
Nominal Value
SAR 0.50
New Nominal Value
SAR 10
Number of Shares
1.156 bln
New Number of Shares
57.82 mln
There will be no change in the company’s capital before and after the share value adjustment.
The decision will apply to all shareholders of record on Oct. 16, 2025, and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the EGM.
The share price adjustment will take effect starting from the business day following the EGM date, while the adjusted number of shares will be reflected in shareholders’ portfolios at the end of the second trading day after the EGM.
Shareholders also approved amending Article (7) of the company’s Articles of Association related to capital and Article (8) related to share subscription.
Meanwhile, the Saudi Exchange (Tadawul) announced that fluctuation limits for the company’s shares will be set at SAR 18.40, with outstanding orders canceled.
Furthermore, trading will be halted on the stock for two business days as of today, Oct. 19, until Edaa reflects the reverse split of the company’s shares on investors’ portfolios.
The suspension will be lifted by the end of the trading day on Oct. 20.
