Tadawul sets fluctuation limits for Thob Al Aseel after capital hike

24/10/2021 Argaam

Thob Al Aseel Co.’s daily trading fluctuation limit after its capital raise will be based on a share price of SAR 64.40 as of today, Oct. 24, and the outstanding orders will be canceled, the Saudi Exchange (Tadawul) said in a statement.

 

The Securities Depository Center (Edaa) will deposit the additional shares into investor portfolios by Oct. 26.

 

Shareholders of Thob Al Aseel approved increasing the company's capital by 33.33%, during the extraordinary general meeting (EGM) held on Oct. 21.

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