Logo of Watani Iron Steel Co.
Watani Iron Steel Co.’s board of directors recommended, on July 3, the reduction of the stock par value from SAR 10 to SAR 0.10 a share, according to a statement to Tadawul.
The company capital will remain unchanged, and the number of shares will increase to 1.82 billion from 18.17 million, in line with the regulatory measures.
Any relevant updates will be revealed in due course, the statement added.
|
Stock Split Details |
|
|
Current Capital |
SAR 181.65 mln |
|
No. of Shares |
18.17 mln |
|
Stock Nominal Value |
SAR 10 a share |
|
New Capital |
SAR 181.65 mln |
|
No. of Shares |
1.816 bln |
|
Stock Nominal Value |
SAR 0.10 a share |
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