Sep 03, 2019
47:100
For every 100 shares held, investors received 47. The price per share adjusted from $265.00 to $563.83.
The split itself did not change the total investment value.
Kuwait Foundry Company (S.A.K) (KSE:KFOUC) operates in the Steel industry.
Kuwait Foundry Company (S.A.K) company overviewKuwait Foundry Company (S.A.K)'s most recent stock split was on September 3, 2019. It was a 47-for-100 reverse split, so shareholders received 47 shares for every 100 they held.
Kuwait Foundry Company (S.A.K) (KSE:KFOUC) has split its stock 7 times: a 11-for-10 split on April 8, 2007, a 11-for-10 split on February 21, 2008, a 11-for-10 split on May 10, 2010, a 11-for-10 split on March 28, 2011, a 11-for-10 split on April 5, 2012, a 21-for-20 split on March 21, 2013, and a 47-for-100 reverse split on September 3, 2019.
Kuwait Foundry Company (S.A.K) has split its stock 7 times. This history records 7 splits between April 8, 2007 and September 3, 2019.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Kuwait Foundry Company (S.A.K)'s 47-for-100 reverse split on September 3, 2019, every 100 shares became 47 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Kuwait Foundry Company (S.A.K) has not announced a new split in our records. Its most recent split was on September 3, 2019, 7 years ago. Companies announce splits in advance, and any new KSE:KFOUC split will appear on this page.
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