Arab Sea to move to main market on April 15 – Saudi Tadawul

The stock will be included in the information technology group


Riyadh –  Trading the shares of Arab Sea Information System will be moved from the parallel market to the main market as of Wednesday, 15 April 2020, the Saudi Stock Exchange (Tadawul) announced.

The stock will maintain the 7201 symbol, and will be included in the information technology sector.

The daily fluctuation limits for the share price will be 10%, according to a statement on Tuesday.

Tadawul approved on Sunday the transfer and listing of Arab Sea Information System company’s shares in its main market.

The company requested the move in March, after achieving SAR 24.15 million in net profit for last year, against losses of SAR 20.34 million in 2018.

Source: Mubasher

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