Announcement from the Saudi Stock Exchange (Tadawul) regarding the transfer of Raydan Food Co. Shares to the Main Market
Sunday, November 17, 2019 at 3:46 PM
Sun Nov 17, 2019 15:46
The Saudi Stock Exchange (Tadawul) announces the issuance of its resolution dated 20/03/1441H, corresponding to 17/11/2019G approving Raydan Food Co. request to transfer from the Parallel Market to the Main Market, with a capital of SAR (225,000,000), and (22,500,000) shares.
Accordingly, the trading of the Company's shares will be ceased from Monday 21/03/1441H, corresponding to 18/11/2019G 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.