The Saudi Stock Exchange (Tadawul) announces that the fluctuation limits for Allied Cooperative Insurance Group will be based on a share price of SAR 34.05
Thursday, August 27, 2020 at 8:08 AM
Thu Aug 27, 2020 08:08
The Allied Cooperative Insurance Group EGM held on Wednesday 07/01/1442H, corresponding to 26/08/2020G has approved the company’s request for a capital reduction. Thus, the fluctuation limits for Allied Cooperative Insurance Group will be based on a share price of SAR 34.05 and the outstanding orders will be canceled. Furthermore, the company will be suspended as per the Listing Rules for two business days starting from Thursday 08/01/1442H, corresponding to 27/08/2020G, until the Securities Depository Center Company (Edaa) reflects shares reduction on investors’ portfolios, lifting the suspension of trading will be end of Sunday 11/01/1442H, corresponding to 30/08/2020G.