Vacationer Tasks Firm brand – Shams
The Tourism Tasks Firm has recognized – solarOn October 16, 2025, a date for the extraordinary common meeting of the corporate to vote to amend the nominal worth of the corporate’s shares Based on the next:
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Particulars of the modification
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The nominal worth of the share earlier than the modification
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Fifty halalas (0.50) riyals
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The nominal worth of the share after the modification
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10 riyals
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Variety of shares earlier than the modification
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1156.47 million shares
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The variety of shares after the modification
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57.82 million shares
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The corporate mentioned in a press release to Tadawul, that there isn’t any change within the firm’s capital earlier than and after the shares modification course of, noting that within the occasion of approval of the merchandise, the choice to amend it is going to be enforced to all of the shareholders of the corporate who owned shares on the day of the extraordinary common meeting enrolled within the firm’s shareholders’ document with the Securities Deposit Heart Firm (deposit) on the finish of the second buying and selling day following the date of the extraordinary common meeting wherein he determined to amend shares.
She added that the affect of the choice can be utilized to the share worth ranging from the day following the assembly of the affiliation, supplied that the variety of shares within the shares governor is utilized on the finish of the second buying and selling day following the date of the extraordinary common meeting wherein he determined to amend the shares.
She identified that the general public may even vote on the modification of Article No. (7) of the corporate’s articles of affiliation associated to (capital), and likewise votes on amending Article No. (8) of the corporate’s articles of affiliation associated to (subscription shares).
Based on the out there knowledge on numbersShams had lately obtained a notification from the Saudi Buying and selling Group for a lower within the common closing worth of the share from the minimal.
She indicated that the deadline for the corporate begins to take corrective measures beginning in the present day, Sunday, July 20, 2025, for a interval of three months, in response to paragraph (c) of Article Thirty -Three of the Guidelines of Inclusion.
It’s noteworthy that in June 2023, the corporate has divided the nominal worth of the share to 0.5 riyals per share, and its present capital is 578.24 million riyals, divided into 1156.47 million shares.
The Board of Administrators advisable final July, reflecting the nominal worth of the share from 0.50 riyals per share to 10 riyals per share, and thus the corporate’s shares can be 57.82 million shares as a substitute of 1156.47 million shares.
The corporate introduced yesterday that the extraordinary common meeting (the second assembly), which was scheduled for an hour after the primary assembly, was not held, as a result of lack of completion of the required authorized quorum for the convening.
