Saudi Tadawul announces fluctuation limit for Aldrees

The outstanding orders for Aldrees will be cancelled

  
A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.

A man walks at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019. Image used for illustrative purpose.

REUTERS/Ahmed Yosri
Riyadh –  The Saudi Exchange (Tadawul) said the fluctuation limit for Aldrees Petroleum and Transport Services Company’s stock will be based on a share price of SAR 60.8, according to a disclosure on Thursday.

The outstanding orders will accordingly be cancelled.

This disclosure followed Aldrees’ approval to increase the capital by SAR 150 million.

Tadawul’s Securities Depository Center (Edaa) will deposit the bonus shares of the capital hike into the shareholders’ portfolios before trading starts on 19 April.

Source: Mubasher

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