Tadawul rejects AICTEC request for transition to Main Market

08/09/2024 Argaam
Logo ofAdvance International Company for Communication and Information Technology (AICTEC)

Logo of Advance International Company for Communication and Information Technology (AICTEC)

The Saudi Exchange (Tadawul) announced today, Sept. 8, its rejection of the request by Advance International Company for Communication and Information Technology (AICTEC) to transfer from the Nomu-Parallel Market to the Main Market.

 

The decision was taken as the company failed to meet all transition requirements stipulated in the listing rules.

 

For more news on listed companies

 

In June, the company submitted a request for transition to the Main Market, after obtaining the board approval in December 2023, as reported earlier by Argaam.

 

AICTEC started trading shares on Nomu in January 2022, with SAR 32 million in capital.

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