Arabian Sea Information Systems Announces Share Split
Arabian Sea Information Systems announced the recommendation of the Board of Directors to the company’s extraordinary general meeting to split the par value of shares from 10 rials per share to 1 rial per share.
The company said in a statement to Tadawul Saudi Arabia today, Wednesday, that the number of shares of the company after the split will be 100 million shares instead of 10 million shares, while the company undertakes to complete the necessary accompanying procedures.
She indicated that any changes would be communicated in due course.
