Sadr BOD recommends splitting nominal value of the company’s shares from SAR 10 to SAR 1

Sadr Logistics Co announced the recommendation of the Board of Directors to the company in its meeting held on May 13, 2023, to the Extraordinary General Assembly to split the nominal value of the share from SAR 10(ten Saudi riyals) per share to SAR 1 (one Saudi riyal) per share.

Thus, the number of the company’s shares will become (175) million shares instead of (17,5) million shares, with the company’s commitment to complete the necessary related procedures.