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Saudi Arabia's Edaa Executes Reverse Stock Split on Molan Steel's Securities

MT Newswires·11/06/2026 01:01:12
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01:01 AM EST, 11/06/2026 (MT Newswires) -- Saudi Arabia's Securities Depository Center, or Edaa, carried out a reverse stock split on the securities of Molan Steel Co. (SASE:9553). The Saudi Arabian iron products manufacturer's split resulted from a face value adjustment in eligible security holders' accounts on Thursday, according to a same-day release.