Tadawul delists Sanad shares

14/05/2017 Argaam

The Saudi Stock Exchange (Tadawul) has delisted shares of Sanad Cooperative Insurance Co. as of May 11, the bourse said in a statement on Sunday.

 

The Capital Market Authority (CMA), Saudi Arabia’s market regulator, announced the insurer’s delisting on May 10, following the company’s failure to develop a restructuring plan and reduce its accumulated losses.

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