1 Day
Source:
مباشر
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Shares Set at 10 Riyals
The Extraordinary General Assembly of Dar Al Markabah Car Rental Company approved a share consolidation, increasing the nominal value of each share from 50 halalas to SAR 10, with no change to the company’s share capital of SAR 25 million. Under the resolution, the number of shares will fall from 50 million to 2.5 million. The consolidation will apply to eligible shareholders according to Edaa’s records, with their portfolios updated by the end of the second trading day after the meeting. The company also announced technical procedures, including setting a new reference price for the trading limits and temporarily suspending trading to update the records. The effect of the consolidation on the share price will be reflected on the business day following the Assembly.
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