Announcement from the Saudi Stock Exchange Company (Tadawul) Regarding the Suspension on Trading the Shares of Saudi Automotive Services Co. to complete the corporate action process
Wednesday, May 23, 2018 at 9:19 AM
Wed May 23, 2018 09:19
The Saudi Automotive Services Co. EGM held on Tuesday 06/09/1439H, corresponding to 22/05/2018G has approved the company’s request for a capital increase through bonus shares. Therefore, trading of company shares will be suspended for one business day Wednesday 07/09/1439H, corresponding to 23/05/2018G. In order for the Saudi Stock Exchange (Tadawul) to complete the corporate action process. The suspension of trading will be lifted at the end of Wednesday 07/09/1439H, corresponding to 23/05/2018G.
Thus, the fluctuation limits on Thursday 08/09/1439H, corresponding to 24/05/2018G for (Saudi Automotive Services Co.) will be based on a share price of 16.20 SAR. Furthermore, the Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by Sunday 11/09/1439H, corresponding to 27/05/2018G.