Jun 24, 2021
332:395
For every 395 shares held, investors received 332. The price per share adjusted from $140.00 to $166.57.
The split itself did not change the total investment value.
Kuwait & Middle East Financial Investment Co. KSCC (KSE:KMEFIC) operates in the Investment banks/Brokers industry.
Kuwait & Middle East Financial Investment Co. KSCC company overviewKuwait & Middle East Financial Investment Co. KSCC's most recent stock split was on June 24, 2021. It was a 332-for-395 reverse split, so shareholders received 332 shares for every 395 they held.
Kuwait & Middle East Financial Investment Co. KSCC (KSE:KMEFIC) has split its stock 6 times: a 21-for-20 split on November 23, 2005, a 6-for-5 split on March 21, 2006, a 6-for-5 split on March 21, 2007, a 11-for-10 split on March 18, 2008, a 11-for-10 split on May 24, 2009, and a 332-for-395 reverse split on June 24, 2021.
Kuwait & Middle East Financial Investment Co. KSCC has split its stock 6 times. This history records 6 splits between November 23, 2005 and June 24, 2021.
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 & Middle East Financial Investment Co. KSCC's 332-for-395 reverse split on June 24, 2021, every 395 shares became 332 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Kuwait & Middle East Financial Investment Co. KSCC has not announced a new split in our records. Its most recent split was on June 24, 2021, 5 years ago. Companies announce splits in advance, and any new KSE:KMEFIC split will appear on this page.
Already premium?