Logo ofTourism Enterprise Co. (Shams)
The Securities Depository Center Co. (Edaa) announced implementing a reverse stock split on the shares of Tourism Enterprise Co.’s (Shams), following the adjustment of the nominal value. 
The stock’s nominal value was adjusted in shareholders’ accounts as of today, Oct. 21, Edaa said in a statement published on Tadawul.
Shareholders approved the board’s recommendation to adjust the stock’s par value from SAR 0.5 to SAR 10 a share during the extraordinary general meeting (EGM) held on Oct. 16, according to data available with Argaam.
Trading on the stock resumed today after being suspended for two sessions.
Logo ofTourism Enterprise Co. (Shams)
The Securities Depository Center Co. (Edaa) announced implementing a reverse stock split on the shares of Tourism Enterprise Co.’s (Shams), following the adjustment of the nominal value.
The stock’s nominal value was adjusted in shareholders’ accounts as of today, Oct. 21, Edaa said in a statement published on Tadawul.
Shareholders approved the board’s recommendation to adjust the stock’s par value from SAR 0.5 to SAR 10 a share during the extraordinary general meeting (EGM) held on Oct. 16, according to data available with Argaam.
Trading on the stock resumed today after being suspended for two sessions.
