Care International notified by Tadawul of share price falling below minimum

Care International has received a notice from the Saudi Stock Exchange (Tadawul) that the average closing price of its shares has fallen below the minimum required level. The company stated that the deadline to take corrective action will begin on October 27, 2026, and will last for three months, in accordance with Article 33 of the Listing Rules.

Care International said it intends to implement a reverse stock split to ensure the share's closing price does not fall below 3 riyals. An extraordinary general assembly will be held to vote on the board of directors’ recommendation to merge shares, unless the closing price rises to 3 riyals or more during the specified period.

The company explained that the reverse stock split will reduce the total number of shares and increase the new share value, without changing the company’s capital. If the requirements of Article 33 of the Listing Rules are not met, procedures for suspending trading of the listed securities will be applied, and the company’s shares will be traded off-exchange according to applicable procedures.

Care International added that it will take the necessary steps to meet the minimum average closing price requirement and will disclose any significant developments in due course.