‎“Al-Naqoul” BOD recommends splitting share nominal value ‎from 10 riyals to 50 halalas

Muhammad Hassan Al Naqoul Sons Company announced the recommendation of the Board of Directors to the General Assembly issued by its decision dated 4/27/2023 AD

By dividing the nominal value of the share from (10) ten riyals per share to (0.50) fifty halalas per share, while keeping the capital unchanged.

The number of the company’s shares after the amendment becomes fifty-eight million shares (58,000,000) instead of (2,900,000) shares, after completing all the legal procedures and obtaining the approval of the General Assembly.