‎“Zoujaj” BOD recommends splitting nominal value of share ‎from 10 riyals to one riyal

The National Glass Industries Company announced the recommendation of the Board of Directors issued on 05/10/2023 to the Extraordinary General Assembly to divide the nominal value of the share from 10 riyals to one riyal, while keeping the capital unchanged.

According to the statement published on “Tadawul”, the number of shares of the company after its split will become 329,000,000 shares instead of 32,900,000 shares, with the company’s commitment to completing all legal procedures and obtaining the approval of the extraordinary general assembly.