Al Kathiri board approves moving to TASI

10/10/2019 Argaam

 

The board of directors of Al Kathiri Holding Co. has approved the decision to move the firm to the Saudi’s main stock market, Tadawul All Share Index (TASI), it said in a bourse statement.

 

Moving to TASI is pending the market’s approval and subject to meeting all market imposed requirements, the statement added.

 

The amendments to the listing rules issued earlier by the Capital Market Authority (CMA) included adding regulations related to the mechanism for the transfer of listed companies from the parallel market "Nomu" to the main market “TASI”, according to data available on Argaam.

 

On July 9, 2017, Al Kathiri was listed on Nomu with a capital of SAR 45.21 million divided into 4.52 million shares.

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