Electrical Industries BOD recommends splitting nominal value of share from SAR 10 to 50 Halalas

Electrical Industries Company announced the recommendation of the board of directors to the Extraordinary General Assembly to split the nominal value of the share from SAR (10) per share to fifty halalas (0.50) per share.

According to the company’s statement on Tadawul, thus the number of the Company’s shares will become nine hundred million (900,000,000) shares instead of forty-five million (45,000,000) shares, with the company’s commitment to complete the necessary related procedures.