Logo ofDar Almarkabah for Renting Cars Co.
Dar Almarkabah for Renting Cars Co.’s board of directors recommended, in its meeting held on Dec. 19, to reduce the stock’s nominal value from SAR 10 to SAR -.5 a share, according to a statement to Tadawul. 
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Therefore, share capital would amount to 50 million, from 2.5 million, while maintaining capital at SAR 25 million.
The company is committed to finalize the relevant measures and any relevant updates will be duly revealed.
Stock Split Details
Current Capital
SAR 25 mln
Number of Shares
2.5 mln
Nominal Value
SAR 10 a share
New Capital
SAR 25 mln
Number of Shares
50 mln
Nominal Value
SAR 0.5 a share
In a separate statement to Tadawul, the company’s board of directors proposed transferring the statutory reserve standing at SAR 1.05 million as per financial statements ended on Dec. 31, 2023, to the retained earnings balance, the statement added.
Logo ofDar Almarkabah for Renting Cars Co.
Dar Almarkabah for Renting Cars Co.’s board of directors recommended, in its meeting held on Dec. 19, to reduce the stock’s nominal value from SAR 10 to SAR -.5 a share, according to a statement to Tadawul.
For more news on listed companies
Therefore, share capital would amount to 50 million, from 2.5 million, while maintaining capital at SAR 25 million.
The company is committed to finalize the relevant measures and any relevant updates will be duly revealed.
Stock Split Details
Current Capital
SAR 25 mln
Number of Shares
2.5 mln
Nominal Value
SAR 10 a share
New Capital
SAR 25 mln
Number of Shares
50 mln
Nominal Value
SAR 0.5 a share
In a separate statement to Tadawul, the company’s board of directors proposed transferring the statutory reserve standing at SAR 1.05 million as per financial statements ended on Dec. 31, 2023, to the retained earnings balance, the statement added.
