‎Almuneef board recommends 10:1 stock split

‎Almuneef board recommends 10:1 stock split ‎Almuneef board recommends 10:1 stock split

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Logo ofAlmuneef Co.for Trade, Industry, Agriculture and Contracting

Almuneef Co.for Trade, Industry, Agriculture and Contracting’s board of directors recommended splitting the stock nominal value from SAR 10 to SAR 1, according to a statement toTadawul.

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The company is committed tocompletingthe necessary relatedprocesses, noting that any updates will be announcedin due course.

Stock Split Details

Current Capital

SAR 38mln

CurrentNumber of Shares

3.8 mln

Current Share Par Value

SAR 10

New Capital

SAR 38 mln

New Number of Shares

38 mln

Par Value After Stock Split

SAR 1

 

Logo ofAlmuneef Co.for Trade, Industry, Agriculture and Contracting

Almuneef Co.for Trade, Industry, Agriculture and Contracting’s board of directors recommended splitting the stock nominal value from SAR 10 to SAR 1, according to a statement toTadawul.

The company is committed tocompletingthe necessary relatedprocesses, noting that any updates will be announcedin due course.

Stock Split Details

Current Capital

SAR 38mln

CurrentNumber of Shares

3.8 mln

Current Share Par Value

SAR 10

New Capital

SAR 38 mln

New Number of Shares

38 mln

Par Value After Stock Split

SAR 1

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