Saudi Arabia’s Tadawul announced the listing and trading of the Food Development Business Company’s shares in the main market, starting next Tuesday, with the symbol (6013).
“Tadawul” declared in a statement today, Sunday, that the company will be listed in the sector (luxury consumer goods / consumer services), provided that the daily rate of fluctuation of the share price is 10%.
On Wednesday, Tadawul approved a request for food development work to move from the parallel market to the main market, with a capital of 30 million riyals and 3 million shares.
And the “Saudi Tadawul” stated that, consequently, the trading of the shares of the company “Development Food” will be suspended, starting from Thursday 18 November 2021, to start the transfer procedures, for a period not exceeding 5 trading sessions. negotiation. .
The Food Development Company had made a request to move to the main market more than once, and Saudi Arabia’s Tadawul rejected the request for not meeting the requirements.
“Development Food” is a public limited company, listed on the parallel market (Nomu) since February 2017. It was established in June 2010 and operates in the consumer services sector with a focus on catering.
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