Announcement from the Saudi Stock Exchange Company (Tadawul) Regarding the Suspension on Trading the Shares of Walaa Cooperative Insurance Co. to complete the corporate action process
Wednesday, May 30, 2018 at 9:27 AM
Wed May 30, 2018 09:27
The Walaa Cooperative Insurance Co. EGM held on Tuesday 13/09/1439H, corresponding to 29/05/2018G 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 14/09/1439H, corresponding to 30/05/2018G. 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 14/09/1439H, corresponding to 30/05/2018G.
Thus, the fluctuation limits on Thursday 15/09/1439H, corresponding to 31/05/2018G for (Walaa Cooperative Insurance Co.) will be based on a share price of 28.35 SAR. Furthermore, the Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by Sunday 18/09/1439H, corresponding to 03/06/2018G.