22 Hrs
Source:
مباشر
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Mulan Backs Reverse Split
The extraordinary general assembly of Malan Steel Products Company approved a plan to address accumulated losses of SAR 37.58 million, equivalent to 141.26% of its capital as of June 30, 2026. It also approved a reverse stock split, increasing the par value of each share from SAR 1 to SAR 10 and reducing the number of shares from 26.6 million to 2.66 million, with no change to the company’s capital. Tadawul announced that trading in the shares would be suspended for two business days starting November 3, 2026, and would resume at the end of the November 4 session. The price fluctuation limit will be calculated based on SAR 8.50, and all outstanding orders will be cancelled.
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