Announcement from The Saudi Stock Exchange (Tadawul) Regarding the Trading Suspension on Sahara Petrochemical Co.’s Shares

Sunday, May 19, 2019 at 9:34 AM

Sun May 19, 2019 09:34

In reference to Sahara Petrochemical Co.’s announcement on the Saudi Stock Exchange (Tadawul) website on 14/09/1440H corresponding to 19/05/2019G regarding the Company's EGM approval of the offer submitted by Saudi International Petrochemical Co. to acquire shares of Sahara Petrochemical Co.’s shareholders through securities exchange offer. 

The Saudi Stock Exchange (Tadawul) announces the trading suspension on Sahara Petrochemical Co.’s shares in the Saudi Stock Exchange starting today Sunday 14/09/1440H corresponding to 19/05/2019G to commence delisting procedures of the company’s shares. Furthermore, the Securities Depository Center (Edaa) will announce the implementation of the increase in the quantity of Saudi International Petrochemical Co.’s shares and the deposit of the new shares in the Center’s Accounts of all eligible Sahara Petrochemical Co. shareholders after two business days from the Company's EGM approval and up to 6 business days as per The Exchange and Center Procedures.