Shareholders of Batic Investments and Logistics Co. will vote on a stock split from SAR 10 to SAR 1, during the extraordinary general meeting (EGM) scheduled for June 21, the company said in a Tadawul statement.
|
Stock Split Details |
|
|
Current Capital |
SAR 600 mln |
|
Number of Shares |
60 mln |
|
Nominal Value |
SAR 10/share |
|
Post-Split Capital |
SAR 600 mln |
|
Post-Split Number of Shares |
600 mln |
|
Post-Split Nominal Value |
SAR 1/share |
|
Record Date |
If approved, the decision will be applicable to shareholders registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the EGM |
The company also noted that the decision shall apply to the stock price starting from the working day following the EGM. This is provided that the number of shares in shareholders' portfolios will take effect by the end of the second trading day following the EGM.
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