Qatar Islamic Bank (QIB) has announced that it will execute its stock split at the end of the trading session today.
Thus; starting from Sunday onwards, QIB shares will be traded based on the decision of Qatar Financial Market Authority (QFMA) to split the stock of companies and legal entities listed on Qatar Stock Exchange (QSE) so that the nominal value of all listed companies’ shares with whose nominal value is QR10 per share will become QR1 per share instead of QR 10 per share, and the number of shares will be increased to 10 times the existing number of shares.
The split will have no effect on investor’s equity or QIB market capitalization.
