Logo of Retal Urban Development Co.
The ban on Retal Urban Development Co.’s majority shareholders from selling shares was lifted today, Dec. 27, six months after the stock began trading on the Saudi Exchange (Tadawul) on June 27.
Major shareholders who own 69.1% faced a six-month ban since the company’s debut on Tadawul, during which they were not allowed to sell their shares.
As of today, they will be able to sell their shares without obtaining approval from the Capital Market Authority (CMA).
|
Company’s Major Shareholders |
||
|
Shareholders |
Post IPO |
|
|
Number of shares (mln shares) |
Ownership (%) |
|
|
Al-Fozan Holding Co. |
26.25 |
65.63 % |
|
Abdullah Faisal Al-Braikan |
1.40 |
3.50 % |
|
Total |
27.65 |
69.13 % |
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