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Dar Al-Merkaba Considers Share Value Change
Dar Al-Merkaba Car Rental Company will hold an extraordinary general assembly meeting on November 11, 2026, to discuss and vote on modifying the nominal value of the share from half a Riyal to 10 Riyals. This will result in a reduction of the total number of shares from 50 million to 2.5 million shares, aiming to restructure the company's capital. The total capital of 25 million Riyals will remain unchanged. The adjustment will be reflected in the stock price in the market starting from the next business day after the meeting. Legal procedures require the attendance of shareholders representing half of the company's shares at the first meeting. If quorum is not met, a second meeting will be held with the attendance of a quarter of the shares. If the quorum is still not achieved, a third meeting will be convened in accordance with legal regulations. Registered shareholders will have the right to vote electronically via the TadawUL platform from the start of the meeting until its conclusion, ensuring broad participation in the decision.
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