Announcement from the Saudi Stock Exchange (Tadawul) regarding the transfer of Al-Samaani Factory For Metal Industries Co. Shares to the Main Market
Thursday, December 03, 2020 at 3:33 PM
Thu Dec 3, 2020 15:33
The Saudi Stock Exchange (Tadawul) announces the issuance of its resolution dated 17/04/1442H, corresponding to 03/12/2020G approving Al-Samaani Factory For Metal Industries Co. request to transfer from the Parallel Market to the Main Market, with a capital of SAR (25,000,000), and (2,500,000) shares.
Accordingly, the trading of the Company's shares will be ceased from Sunday 20/04/1442H, corresponding to 06/12/2020G to start with the transfer procedures, for a period not exceeding five trading sessions.
Tadawul will announce the listing start date of the company’s shares in the Main Market once the procedures are complete.
The Exchange’s approval of the transition request should never be considered as a recommendation to invest in the company shares. The Exchange’s approval of the transition request merely means that imposed requirements as per the Listing Rules were met by the company.