Baazeem Trading board recommends 10:1 stock split

13/08/2023 Argaam

Baazeem Trading board recommends 10:1 stock split

Logo of Baazeem Trading Co.

Baazeem Trading Co.’s board of directors recommended, on Aug. 10, to split the stock nominal value from SAR 10 to SAR 1, according to a statement to Tadawul.

 

Accordingly, the company’s share capital will amount to SAR 101.25 million, instead of 10.13 million.

 

The company will finalize the required measures and will announce any related updates, the statement added.

 

Details

Current Capital

SAR 101.25 mln

No. of Shares

10.13 mln

Nominal Value

SAR 10 a share

New Capital

SAR 101.25 mln

No. of Shares

101.25 mln

Nominal Value

SAR 1 per share

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