Announcement from the Saudi Stock Exchange (Tadawul) regarding the transfer of Arab Sea Information System Co. Shares to the Main Market
Sunday, April 12, 2020 at 8:22 AM
Sun Apr 12, 2020 08:22
The Saudi Stock Exchange (Tadawul) announces the issuance of its resolution dated 19/08/1441H, corresponding to 12/04/2020G approving Arab Sea Information System Co. request to transfer from the Parallel Market to the Main Market, with a capital of SAR (100,000,000), and (10,000,000) shares.
Accordingly, the trading of the Company's shares will be ceased from Sunday 19/08/1441H, corresponding to 12/04/2020G 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.