‎Marble Design board recommends 10:1 stock split

‎Marble Design board recommends 10:1 stock split ‎Marble Design board recommends 10:1 stock split

​‎

Logo ofMarble Design Co.

Marble Design Co.’sboard of directors recommended splitting the stock nominal value from SAR 10 to SAR 1, according to a statement toTadawul.

Advertisement

Upon the stock split, the company’s number of shares will rise to 60 million from 6 million shares at present. The company’s capital will remain unchanged.

Stock Split Details

Current Capital

SAR 60 mln

CurrentNumber of Shares

6 mln

Share Par Value

SAR 10

New Capital

SAR 60 mln

New Number of Shares

60 mln

Par Value After Stock Split

SAR 1/share

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

For more news on listed companies

 

Logo ofMarble Design Co.

Marble Design Co.’sboard of directors recommended splitting the stock nominal value from SAR 10 to SAR 1, according to a statement toTadawul.

Upon the stock split, the company’s number of shares will rise to 60 million from 6 million shares at present. The company’s capital will remain unchanged.

Stock Split Details

Current Capital

SAR 60 mln

CurrentNumber of Shares

6 mln

Share Par Value

SAR 10

New Capital

SAR 60 mln

New Number of Shares

60 mln

Par Value After Stock Split

SAR 1/share

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

For more news on listed companies

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement