The Saudi market … Monday to via the subscription and sale of the rights of “Sadr Logistics”

The Saudi Stock Exchange “Tadawul” has announced the start of the subscription phase and the negotiation period for the priority rights of Sadr Logistics Company, starting tomorrow, Monday 06/12/2021.

The statement issued today, Sunday, said the trading period ends Monday 12/13/2021, with The subscription phase will continue until Thursday 16/12/2021.

“Tadawul” warned investors that the permitted range of trading prices of the right differs from the percentage of fluctuations to which share prices are subject.

The Capital Market Authority and (Saudi Tadawul) have developed a mechanism for the listing and exchange of priority rights for companies listed on the market, with the aim of developing and improving the products and services provided to investors and operators in the financial market. , and the addition of new marketable investment products and instruments to achieve diversification and expansion of the investment channels available on the market.

The priority rights will be entered into the trading system and it will be allowed to trade and underwrite these rights during the daily trading hours, as is the case in exchange through buy and sell orders, as well as making the subscription procedure available through the platforms of trading.

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