Al Baha BOD recommends to split nominal value of share from SAR 10 to 10 Halalas

Al Baha Investment and Development Company announced the recommendation of the Board of Directors to the Extraordinary General Assembly of the Company to split the nominal value of the share from ten riyals per share (10) riyals per share to ten halalas (0.1) per share while keeping the company’s capital unchanged.

Thus, the number of shares of the company after the split will be two billion nine hundred and seventy million shares (SAR 2,97 billio9n) shares Instead of twenty-nine million and seven hundred thousand shares (SAR 29,7 million) shares.

The company stated on Wednesday on Tadawul that any developments will be announced in due course.