Mulan Board Proposes Share Merge

The management of Malan Steel Products Company has recommended approving the amendment of the company's nominal share value from 1 Riyal to 10 Riyals per share. This will involve merging every 10 existing shares into one share, while maintaining the capital at 26.6 million Riyals. As a result, the number of shares will decrease from 26.6 million to 2.66 million shares, with the capital remaining unchanged. The purpose of this restructuring is solely to reorganize the share structure without altering the overall market value, following the completion of legal procedures and obtaining the necessary approvals from the relevant authorities.

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