Naqi Water’s production line
Naqi Water Co.’s board of directors recommended on May 6, reducing the stock's par value from SAR 10 to SAR 1.
In a statement to Tadawul, the company pointed out that the number of shares will accordingly increase from 20 million to 200 million, as shown below:
|
Stock Split Details |
|
|
Current Capital |
SAR 200 mln |
|
Number of Shares |
20 mln |
|
Share Par Value |
SAR 10/share |
|
New Capital |
SAR 200 mln |
|
New Number of Shares |
200 mln |
|
Par Value After Stock Split |
SAR 1/share |
.The company affirmed its commitment to complete the necessary relevant procedures, noting that the proposal is subject to the sharehoders’ approval
Any material updates in this regard will be announced in due course, the statement added.
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