Logo ofDar Almarkabah for Renting Cars Co.
Dar Almarkabah for Renting Cars Co.’s shareholders approved reducing the stock nominal value from SAR 10 to SAR 0.5 in an extraordinary general meeting (EGM) held on Feb. 12, according to a statement toTadawul. 
Accordingly, the number of shares will increase from 2.5 million to 50 million shares, while the company’s capital remains unchanged at SAR 25 million.
Stock Split Details
Current Capital
SAR 25 mln
Number of Shares
2.5 mln
Current Par Value
SAR 10/share
New Capital
SAR 25 mln
New Number of Shares
50 mln
New Par Value
SAR 0.5
In a separate statement, Tadawul said the stock’s fluctuation limits will be based on a share price of SAR 4 today, Feb. 13. Accordingly, the outstanding orders will be canceled.
Edaa will deposit the split shares intoshareholderportfoliosbefore the start of trading onFeb. 17, the statement added.
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Logo ofDar Almarkabah for Renting Cars Co.
Dar Almarkabah for Renting Cars Co.’s shareholders approved reducing the stock nominal value from SAR 10 to SAR 0.5 in an extraordinary general meeting (EGM) held on Feb. 12, according to a statement toTadawul.
Accordingly, the number of shares will increase from 2.5 million to 50 million shares, while the company’s capital remains unchanged at SAR 25 million.
Stock Split Details
Current Capital
SAR 25 mln
Number of Shares
2.5 mln
Current Par Value
SAR 10/share
New Capital
SAR 25 mln
New Number of Shares
50 mln
New Par Value
SAR 0.5
In a separate statement, Tadawul said the stock’s fluctuation limits will be based on a share price of SAR 4 today, Feb. 13. Accordingly, the outstanding orders will be canceled.
Edaa will deposit the split shares intoshareholderportfoliosbefore the start of trading onFeb. 17, the statement added.
