Trading ban on Naqi Water’s major shareholders ends today

14/02/2023 Argaam
Logo of Naqi Water Co.

Logo of Naqi Water Co.

The ban on Naqi Water Co. major shareholders from selling their shares lifted today, Feb. 14, six months after the stock began trading on the Saudi Exchange (Tadawul) on Aug. 15, 2022.

 

Major shareholders 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).

 

Major Shareholders

Shareholders

Post-IPO

Number of Shares

(mln shares)

Ownership (%)

Amin Abdullah Ali Al-Mallah

7.00

35%

Alsad Modern Advanced Co.

7.00

35%

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