Sep 05, 2024
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $1.26 to $2.53.
The split itself did not change the total investment value.
Saudi Industrial Export Co. (TADAWUL:4140) operates in the Wholesale distributors industry.
Saudi Industrial Export Co. company overviewSaudi Industrial Export Co.'s most recent stock split was on September 5, 2024. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Saudi Industrial Export Co. (TADAWUL:4140) has split its stock 7 times: a 5-for-1 split on April 2, 2006, a 3-for-2 split on April 22, 2007, a 1-for-10 reverse split on December 26, 2017, a 3987-for-806 split on October 10, 2018, a 1-for-3 reverse split on February 20, 2022, a 234-for-31 split on May 12, 2022, and a 1-for-2 reverse split on September 5, 2024.
Saudi Industrial Export Co. has split its stock 7 times. This history records 7 splits between April 2, 2006 and September 5, 2024.
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 Industrial Export Co.'s 1-for-2 reverse split on September 5, 2024, every 2 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 Industrial Export Co. has not announced a new split in our records. Its most recent split was on September 5, 2024, 2 years ago. Companies announce splits in advance, and any new TADAWUL:4140 split will appear on this page.
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