Rema Management suggests reducing share value
Ramath Hospitality Company announced that its Board of Directors has recommended splitting the par value of its share from 10 riyals to 50 halalas, which increases the total number of shares from 1.95 million to 39 million shares. The aim is to enhance trading liquidity and attract new investors, while maintaining the capital at 19.5 million riyals before and after the adjustment. The split will require approval from the Extraordinary General Assembly, and any future developments will be announced after completing the necessary regulatory procedures.
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