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Ramaath suggests share value split
Ramaath Hospitality Company approved splitting its share nominal value from 10 Riyals to 50 Halalas, increasing the number of shares from 1.95 million to 39 million shares, without any change to the capital amount of 19.5 million Riyals. This decision aims to enhance liquidity and attract investors, and it requires the approval of the extraordinary general assembly to become effective for registered shareholders. The company will complete the relevant legal procedures and announce any further developments later.
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