‎Marble Design EGM approves nominal value reduction to SAR 1/share

‎Marble Design EGM approves nominal value reduction to SAR 1/share ‎Marble Design EGM approves nominal value reduction to SAR 1/share

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Logo ofMarble Design Co.

Marble Design Co.’sshareholders approved splitting the stock nominal value from SAR 10 to SAR 1, according to a statement toTadawul.

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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

Meanwhile, shareholders authorized the board of directors to distribute interim cash dividends for 2025 on a semi-annual or quarterly basis.

In a separate statement, the Saudi Exchange (Tadawul) said that the fluctuation limits on Tuesday, June 3, for Marble Design will be based on a share price of SAR 6.20 and the outstanding orders will be canceled.

Furthermore, the Securities Depository Center (Edaa) will deposit the forward split shares into the investor’s portfolios by Wednesday June 11, 2025.

For more news on listed companies

 

Logo ofMarble Design Co.

Marble Design Co.’sshareholders approved 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

Meanwhile, shareholders authorized the board of directors to distribute interim cash dividends for 2025 on a semi-annual or quarterly basis.

In a separate statement, the Saudi Exchange (Tadawul) said that the fluctuation limits on Tuesday, June 3, for Marble Design will be based on a share price of SAR 6.20 and the outstanding orders will be canceled.

Furthermore, the Securities Depository Center (Edaa) will deposit the forward split shares into the investor’s portfolios by Wednesday June 11, 2025.

For more news on listed companies

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