Watani Iron and Steel Company announces the recommendation of the Board of Directors to split the nominal value of the share
| Element List | Explanation |
|---|---|
| Announcement Detail | Watani Iron and Steel Company announces the decision of the Board of Directors on 15 Dhu al-Hijjah 1444 AH corresponding to 03 July 2023 AD to divide the nominal value of the share from ten (10) riyals per share to ten (10) halalas per share, while keeping the company’s capital unchanged, so that the number of the company’s shares becomes One billion eight hundred and sixteen million five hundred thousand (1,816,500,000) shares instead of eight hundred ten million one hundred and sixty-five thousand (18,165,000) shares, as stipulated in the bylaws and regulations and the completion of legal procedures.
The company will announce any material developments, if any, at the time |
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