Amiantit placed on temporary trading halt

09/09/2019 Argaam

 

Following Saudi Arabian Amiantit Co.’s capital cut approval by the general assembly, the company was suspended for two business days starting from today Monday Sept. 9, 2019, until the Securities Depository Center Company (Edaa) reflects shares reduction on investors’ portfolios, on Tuesday Sept. 10, 2019.

 

The fluctuation limits for Saudi Arabian Amiantit Co. will be based on a share price of SAR 22.70.

 

Earlier today, the company said that its shareholders have approved a 70.2 percent capital cut to SAR 344.52 million from SAR 1.155 billion during the extraordinary general assembly meeting held on Sept. 8, 2019, Argaam reported. 

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