|18 November, 2019

Saudi Tadawul to move Nomu-listed Raydan to main market

Trading the stock will be suspended for no more than 5 sessions

An investor walks at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia January 18, 2016.

An investor walks at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia January 18, 2016.

REUTERS/Faisal Al Nasser

Riyadh –  The Saudi Stock Exchange (Tadawul) announced has approved Raydan Food Company’s request to transfer from the Parallel Market (Nomu) to the main market (Tadawul), according to a statement on Sunday.

Accordingly, the trading of the company's shares will be ceased from today, Monday 18 November, to start with the transfer procedures, for a period not exceeding five trading sessions.

Moreover, the Saudi exchange said that it will announce the listing start date of the company’s shares once the needed procedures are complete.

Raydan’s capital stands at SAR 225 million, distributed over 22.5 million shares.

The stock ended Sunday’s trading session down 15.16% at the level of SAR 18.80.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities