Sadr Logistics Co.’s board of directors recommended during its meeting, on May 13, splitting the stock’s par value from SAR 10 to SAR 1.
In a statement to Tadawul, the company pointed out that the number of shares, following the proposed stock split, will increase from 17.5 million to 175 million.
The company affirmed its commitment to complete the necessary related procedures, the statement added.
| Stock Split Details | |
| Current Capital | SAR 175 mln |
| Number of Shares | 17.5 mln |
| Par Value | SAR 10/share |
| New Capital | SAR 175 mln |
| New Number of Shares | 175 mln |
| Par Value After Stock Split | SAR 1/share |