Logo ofLana Medical Co.
Lana Medical Co.’s shareholders will vote on the board’srecommendation to adjust the stock’s par value from SAR 10 to SAR 1 per share, during the extraordinary general meeting (EGM) to be held on Nov. 12. 
In a statement to Tadawul, the company confirmed that there will be no change to its capital before or after the planned stock split.
Stock Split Details
Current Capital
SAR 54 mln
Number of Shares
5.4 mln
New Capital
SAR 54 mln
New Number of Shares
10 mln
New Par Value
SAR 1
Shareholders will also vote on amending Article 6 of its Articles of Association, which relates to the company’s capital.
If approved, the decision will apply to all shareholders of record on the EGM date and those registered with the Securities Depository Center (Edaa) by the close of trading on the second day following the record date.
The company added that the adjustment will reflect on the stock price starting from the next business day after the EGM, while the change in the number of shares in shareholders’ portfolios will apply on the second trading day following the meeting date.
Logo ofLana Medical Co.
Lana Medical Co.’s shareholders will vote on the board’srecommendation to adjust the stock’s par value from SAR 10 to SAR 1 per share, during the extraordinary general meeting (EGM) to be held on Nov. 12.
In a statement to Tadawul, the company confirmed that there will be no change to its capital before or after the planned stock split.
Stock Split Details
Current Capital
SAR 54 mln
Number of Shares
5.4 mln
New Capital
SAR 54 mln
New Number of Shares
10 mln
New Par Value
SAR 1
Shareholders will also vote on amending Article 6 of its Articles of Association, which relates to the company’s capital.
If approved, the decision will apply to all shareholders of record on the EGM date and those registered with the Securities Depository Center (Edaa) by the close of trading on the second day following the record date.
The company added that the adjustment will reflect on the stock price starting from the next business day after the EGM, while the change in the number of shares in shareholders’ portfolios will apply on the second trading day following the meeting date.
