Edaa implements corporate action on Jarir

A Jarir showroom

The Securities Depository Center Co. (Edaa) announced implementing stock split on Jarir Marketing Co. resulted from adjusting the face value today, June 4, on the center’s accounts of eligible securities’ holders, according to a statement on Tadawul.

Last week, Jarir Marketing Co.’s shareholders approved the board’s proposal for reducing the stock’s par value from SAR 10 to SAR 1, during an extraordinary general meeting (EGM), Argaam reported.