Saudi Top BOD recommends splitting share nominal value from SAR 10 to SAR 1

Saudi Top Trading Company announced on Wednesday that the recommendation of the Board of Directors to the Extraordinary General Assembly of the company issued in its resolution dated on 29th of August 2023 to split the nominal value of the company’s share from (10) Ten Saudi Riyals per share to (1) One Saudi Riyal per share while keeping the capital of the company unchanged.

The Company explained Today on Tadawul that the number of the shares of the company after the split will become (40) million shares instead of (4) million shares, with the company’s commitment to complete all regulatory procedures and the Extraordinary General Assembly approval.