Riyadh — Mubasher: Dar Almarkabah for Renting Cars Company (DS Rent) has received a formal notification from the Saudi Exchange (Tadawul) regarding its average closing share price falling below the mandatory minimum threshold, according to a bourse filing.

Upon the notice received on 16 August 2026 and under Article 33 of the Listing Rules, DS Rent has been granted a three-month corrective period starting from 16 August 2026 to rectify the price position.

To address the deficiency, the company intends to consolidate its shares to achieve a minimum closing price of SAR 3.

This reverse stock split will reduce the total number of outstanding shares and increase the individual share value without altering the company's total capital.

The board of directors will call for an Extraordinary General Assembly (EGM) to vote on the consolidation recommendation, unless the market price naturally recovers to SAR 3 or higher during the grace period.

The company warned that failure to comply with the minimum price requirements within the specified timeframe will result in the suspension of trading on the main market.

In such an event, Tadawul would move the company's shares to over-the-counter trading.

DS Rent stated it remains committed to taking all necessary measures to maintain its listing status.