Logo ofRimath Hospitality Co.
Rimath Hospitality Co.’s board of directors recommended splitting the stock nominal value from SAR 10 to SAR 0.5, according to a statement to Tadawul. 
Thus, the number of shares will increase to 39 million from 1.95 million, with no change to share capital.
Stock Split Details
Current Capital
SAR 19.5 mln
Number of Shares
1.95 mln
Share Par Value
SAR 10
New Capital
SAR 19.5 mln
New No. of Shares
39 mln
New Par Value
SAR 0.5
The company added that the decision aims to increase the number of shares, enhance liquidity in the stock, and attract a broader range of investors.
It said that, subject to approval by the Extraordinary General Meeting (EGM), the stock split will apply to shareholders of record on the date of the EGM and registered with the Securities Depository Center (Edaa).
The recommendation includes amending Article 7 of the company’s Articles of Association, relating to its capital.
The company will also complete the relevant regulatory procedures and obtain the necessary approvals from the competent authorities. Any material developments will be announced in due course.
Logo ofRimath Hospitality Co.
Rimath Hospitality Co.’s board of directors recommended splitting the stock nominal value from SAR 10 to SAR 0.5, according to a statement to Tadawul.
Thus, the number of shares will increase to 39 million from 1.95 million, with no change to share capital.
Stock Split Details
Current Capital
SAR 19.5 mln
Number of Shares
1.95 mln
Share Par Value
SAR 10
New Capital
SAR 19.5 mln
New No. of Shares
39 mln
New Par Value
SAR 0.5
The company added that the decision aims to increase the number of shares, enhance liquidity in the stock, and attract a broader range of investors.
It said that, subject to approval by the Extraordinary General Meeting (EGM), the stock split will apply to shareholders of record on the date of the EGM and registered with the Securities Depository Center (Edaa).
The recommendation includes amending Article 7 of the company’s Articles of Association, relating to its capital.
The company will also complete the relevant regulatory procedures and obtain the necessary approvals from the competent authorities. Any material developments will be announced in due course.
