Development Works cancels move to main market to fulfil requirements

18/11/2020 Argaam

Development Works Food Co. said today, Nov. 18, it withdrew the request submitted to the Saudi Stock Exchange (Tadawul) to move to the main market, according to a bourse statement.

 

The firm clarified that the decision comes in order for it to complete some requirements.

 

In October, Development Works submitted a request to transition to the main market from the Parallel Market (Nomu), following the board of directors’ approval on Sept. 14.

 

The company was listed on Nomu Parallel Market on Feb. 26, 2017, with SAR 25 million in capital, Argaam reported earlier.

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