Raydan submits request for transition to TASI

29/10/2019 Argaam

 

Raydan Cuisines and Restaurants Company has submitted a request to move to the main stock market, Tadawul All Share Index (TASI), through the automated system set by Tadawul for this purpose, it said in a bourse statement.

 

The company’s board recently approved a decision to move from the parallel market Nomu to the main market, according to data available on Argaam.

 

The amendments to the listing rules issued earlier by the Capital Market Authority included adding regulations related to the mechanism for the transfer of listed companies from Nomu to TASI.

 

On Feb. 26, 2017, Raydan was listed on Nomu with a capital of SAR 225 million divided into 22.5 million shares.

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