Farm Superstores board proposes 10-for-1 stock split

Logo of Saudi Marketing Co. (Farm Superstores)

Saudi Marketing Co.'s (Farm Superstores) board of directors recommended today, July 23, reducing 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 to the proposed stock split, will rise to 450 million from 45 million.

 

The company also said it is committed to completing the necessary related procedures, adding that related developments will be announced in due course.

 

Stock Split Details

Current Capital

SAR 450 mln

Number of Shares

45 mln

Share Par Value

SAR 10

New Capital

SAR 450 mln

New Number of Shares

450 mln

Par Value After Stock Split

SAR 1/share

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