Asharqiyah Development Company announces the Board’s recommendation to split the nominal value of the share
| Element List | Explanation |
|---|---|
| Announcement Detail | Asharqiyah Development Company announces the recommendation of the Board of Directors to the Extraordinary General Assembly of the Company issued on 09-01-1445 corresponding to 27-07-2023 to split the nominal value of the share from ten riyals per share (10) riyals per share to ten halalas (0.1) per share while keeping the company's capital unchanged.
Thus, the number of shares of the company after the split will be Three billion shares (3,000,000,000) shares Instead of Thirty million shares (30,000,000) shares. With the company's commitment to complete the necessary related procedures. This and any developments will be announced in due course. |
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