Aqaseem major shareholder wants to transfer partial stake to Sariya Al-Shamal

11/10/2023 Argaam
Logo of Aqaseem Factory for Chemicals and Plastics Co.

Logo of Aqaseem Factory for Chemicals and Plastics Co.

Aqaseem Factory for Chemicals and Plastics Co. announced that Diyar Al Baida Co., a major shareholder, filed a request to the Capital Market Authority (CMA) to transfer a partial stake in the former (60,600 shares), to Sariya Al-Shamal Trading Co., according to a statement to Tadawul today, Oct. 11. 

 

The equity transfer is for the purpose of a merger and restructuring between the two companies, which are owned by the same owners, Aqaseem added. 

 

If the transfer process takes place, it will result in a change in the ownership of its major shareholders, the company added. 

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