Announcement from The Saudi Stock Exchange (Tadawul) Regarding the Trading Suspension on Alawwal Bank’s Shares
Sunday, June 16, 2019 at 8:37 AM
Sun Jun 16, 2019 08:37
In reference to Alawwal Bank’s announcement on the Saudi Stock Exchange (Tadawul) website on 11/09/1440H corresponding to 16/05/2019G regarding the Bank's EGM approval of the offer submitted by Saudi British Bank to merge Alawwal Bank with Saudi British Bank through securities exchange offer, and in reference to Alawwal Bank’s announcement of the effective date of the merger starting from 13/10/1440H corresponding to 16/06/2019G.
The Saudi Stock Exchange (Tadawul) announces the trading suspension on Alawwal Bank’s shares in the Saudi Stock Exchange starting today Sunday 13/10/1440H corresponding to 16/06/2019G to commence delisting procedures of the bank’s shares. Furthermore, the Securities Depository Center (Edaa) will announce the implementation of the increase in the quantity of Saudi British Bank’s shares and the deposit of the new shares in the Center’s Accounts of all eligible Alawwal Bank shareholders after two business days from the effective date of the merger and up to 6 business days as per The Exchange and Center Procedures.