Saudi Tadawul Group announces that the fluctuation limits for The Mediterranean and Gulf Insurance and Reinsurance Co. will be based on a share price of SAR 25.45

Sunday, April 25, 2021 at 8:57 AM

Sun Apr 25, 2021 08:57

 The Mediterranean and Gulf Insurance and Reinsurance Co. EGM held on Thursday 10/09/1442H, corresponding to 22/04/2021G has approved the company’s request for a capital reduction. Thus, the fluctuation limits for  The Mediterranean and Gulf Insurance and Reinsurance Co. will be based on a share price of SAR 25.45  and the outstanding orders will be canceled. Furthermore, the company will be suspended as per the Listing Rules for two business days. starting from Sunday 13/09/1442H, corresponding to 25/04/2021G,  until the Securities Depository Center Company (Edaa) reflects  shares reduction on investors’ portfolios, lifting the suspension of trading will be end of Monday 14/09/1442H, corresponding to 26/04/2021G.