Tadawul sets fluctuation limit for Al Sorayai after capital cut

31/12/2017 Argaam

 

Al Sorayai Trading and Industrial Group’s fluctuation limit after its  capital reduction will be based on a share price of SAR 13.23, the Saudi Stock Exchange (Tadawul) said in a statement on Sunday.

 

Trading on the company’s shares will be suspended for two working days starting Sunday, Dec. 31, until the Securities Depository Center (Edaa) reflects the capital cut on investors’ portfolios.

 

Al Sorayai’s extraordinary general assembly on Dec. 28 approved cutting capital by 40 percent to SAR 225 million from SAR 375 million, reducing the number of shares by 15 million. 

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