Announcement from the Saudi Stock Exchange (Tadawul) regarding the transfer of Baazeem Trading Co. Shares to the Main Market
Thursday, November 28, 2019 at 8:40 AM
Thu Nov 28, 2019 08:40
The Saudi Stock Exchange (Tadawul) announces the issuance of its resolution dated 01/04/1441H, corresponding to 28/11/2019G approving Baazeem Trading Co. request to transfer from the Parallel Market to the Main Market, with a capital of SAR (101,250,000), and (10,125,000) shares.
Accordingly, the trading of the Company's shares will be ceased from Thursday 01/04/1441H, corresponding to 28/11/2019G to start with the transfer procedures, for a period not exceeding five trading sessions.
Tadawul will announce the listing start date of the company’s shares in the Main Market once the procedures are complete.
The Exchange’s approval of the transition request should never be considered as a recommendation to invest in the company shares. The Exchange’s approval of the transition request merely means that imposed requirements as per the Listing Rules were met by the company.