Announcement from The Saudi Stock Exchange (Tadawul) Regarding the Suspension of trading the shares of City Cement Co.
Monday, October 26, 2020 at 8:31 AM
Mon Oct 26, 2020 08:31
In reference to City Cement Co.’s announcement on the Saudi Stock Exchange (Tadawul) website dated 07/01/1442H corresponding to 26/08/2020G regarding the Company's EGM approval of the capital reduction, and in reference to the Company’s announcement of the effectiveness of the capital reduction resolution starting from 09/03/1442H corresponding to 26/10/2020G.
Thus, the company will be suspended for two business days, starting from today Monday 09/03/1442H corresponding to 26/10/2020G, until the Securities Depository Center Company (Edaa) reflects shares reduction on investors’ portfolios, lifting the suspension of trading will be end of Tuesday 10/03/1442H corresponding to 27/10/2020G and the fluctuation limits for the company share will be based on a share price of SAR 22.16 , and the outstanding orders will be canceled.