Jul 02, 2007
1:1000
For every 1000 shares held, investors received 1. The price per share adjusted from $0.01 to $6.00.
The split itself did not change the total investment value.
SAUDI AMERICAN HOLDINGS CORP (OTC:SAHN) operates in the Packaged software industry.
SAUDI AMERICAN HOLDINGS CORP company overviewSAUDI AMERICAN HOLDINGS CORP's most recent stock split was on July 2, 2007. It was a 1-for-1000 reverse split, so shareholders received 1 share for every 1000 they held.
SAUDI AMERICAN HOLDINGS CORP (OTC:SAHN) has split its stock 8 times: a 3-for-1 split on December 27, 1999, a 3-for-1 split on April 6, 2000, a 1-for-27 reverse split on December 19, 2001, a 1-for-2 reverse split on May 7, 2002, a 1-for-100 reverse split on October 4, 2004, a 1-for-400 reverse split on May 27, 2005, a 1-for-500 reverse split on May 22, 2006, and a 1-for-1000 reverse split on July 2, 2007.
SAUDI AMERICAN HOLDINGS CORP has split its stock 8 times. This history records 8 splits between December 27, 1999 and July 2, 2007.
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 SAUDI AMERICAN HOLDINGS CORP's 1-for-1000 reverse split on July 2, 2007, every 1000 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
SAUDI AMERICAN HOLDINGS CORP has not announced a new split in our records. Its most recent split was on July 2, 2007, 19 years ago. Companies announce splits in advance, and any new OTC:SAHN split will appear on this page.