Edaa implements stock split measures on Arab Sea

18/09/2023 Argaam

Edaa implements stock split measures on Arab Sea

Logo of Arab Sea Information Systems Co.

The Securities Depository Center Co. (Edaa) implemented today, Sept. 18, stock split measures resulting from adjusting the face value of Arab Sea Information Systems Co. shares to the accounts of eligible holders.

 

Arab Sea’s shareholders recently approved the board’s proposal for reducing the stock’s par value from SAR 10 to SAR 1, Argaam reported.

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