Tadawul lifts trading suspension placed on Al Tayyar

26/03/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) has lifted the trading suspension placed on shares of Al Tayyar Travel Group, the bourse said in a statement.

 

A suspended trading was placed yesterday on Al Tayyar, after the company said it was planning to announce a major development.

 

Read here: Al Tayyar, STC, Kingdom Holding reveal profits from Careem stake sale

 

The group said today that it expects to record SAR 1.78 billion in profit from Uber’s $3.1 billion acquisition bid for ride-haling app Careem, and will likely record SAR 1.34 billion only in financial results for FY 2019.

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