Trading on Dur halted on initiating delisting measures

03/12/2023 Argaam
Headquarters of Dur Hospitality Co.

Headquarters of Dur Hospitality Co.


The Saudi Exchange (Tadawul) has halted trading on the shares of Dur Hospitality Co. starting today, Dec. 3, on the initiation of the company’s delisting measures.

 

The Securities Depository Center Co. (Edaa) will apply the increase in the number of Taiba’s shares to the accounts of eligible shareholders within two business days from the extraordinary general meeting date (EGM), a maximum of six business days, according to a Tadawul filing.

 

Shareholders of Dur and Taiba Investments Co. approved, on Nov. 30, the latter’s full acquisition of Dur’s issued shares.

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