Mayar Holding’s board proposes par value reduction to SAR 0.50

28/08/2023 Argaam

Mayar Holding’s board proposes par value reduction to SAR 0.50

Logo of Mayar Holding Co.

Mayar Holding Co.’s board of directors recommended reducing the stock nominal value from SAR 10 to SAR 0.50, according to a statement to Tadawul.

 

Details of Change in Par Value 

Current Capital

SAR 60 mln

No. of Shares

6 mln

Current Nominal Value per Share

SAR 10

New Capital

SAR 60 mln

No. of Shares

120 mln

Nominal Value per Share

SAR 0.50
 

The company will take the necessary measures and will duly announce any updates, the statement added.

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