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Record date for Saudi Egyptian Investment stock split Sunday

Record date for Saudi Egyptian Investment stock split Sunday

Saudi Egyptian Investment & Finance said that shareholders of record till the close of trading next Sunday will be entitled to the reduction in stock par value from $10 to $4.

The company’s issued capital will remain unchanged at $20 million, divided into 5 million shares instead of 2 million shares at $4 par value each.

The company’s stock will start trading with the new par value starting Thursday, December 8.