Abdullah Al-Othaim agrees to divide nominal value of share from 10 riyals to one riyal

Abdullah Al-Othaim Markets Company announced on Tuesday that the results of its Extraordinary General Assembly meeting (first meeting) after the legal quorum, as the items included approval of the Board of Directors’ recommendation to divide the company’s shares according to the following:

– The nominal value of the share before the amendment: SR (10).

– The nominal value of the share after the adjustment: SR (1).

– The number of shares before the amendment: 90,000,000 shares.

– The number of shares after the adjustment: 900,000,000 shares.

– There is no change in the company’s capital before and after the stock split.

– The division decision will be effective for all shareholders of the company who own shares on the day of the extraordinary general assembly and are registered in the company’s shareholder register with the Securities Depository Center Company (Edaa center) at the end of the second trading day following the date of the extraordinary general assembly which decided to divide the shares.

The rest of the voting results on the agenda items of the Assembly are as follows:

– Approval of the transfer of the balance of the statutory reserve until the date of the Extraordinary General Assembly to the

balance of retained profits which amounted to SR (247,787,676) on 31/12/2022.

– Approval of Amending article (7) of the company’s bylaws related to the Company’s capital and shares.

On Monday, 05/06/2023, the extraordinary general assembly of Abdullah Al-Othaim Markets Company approved the division of the company’s shares. Accordingly, the fluctuation percentage for the company’s shares was calculated on the basis of the price of 13.68 riyals for today, for today, Tuesday 06/06/2023, and the cancellation of existing orders. The Securities Depository Center Company (Edaa) will add the division shares in portfolios before the start of trading on Thursday, 06/08/2023.