AlMuneef BOD Recommends Share Split from SAR 10 to SAR 1

AlMuneef Trading, Industry, Agriculture and Contracting Co. announced on Sunday the Board of Directors’ recommendation to the Extraordinary General Assembly issued by the Board of Directors’ decision, to split the nominal value of the share from (10) Saudi riyals per share to (1) riyal per share. Following the split, the number of Company shares after the amendment becomes (38,000,000) shares instead of (3,800,000) shares.