Today, Thursday, December 10, 2020, the listing and commencement of trading the shares of Al-Samaani Factory for Metal Industries in the main Saudi market.
Al-Samaani had recently obtained approval from (Tadawul) requesting to move from the parallel market to the main market, with a capital of 25 million riyals, and a number of 2.5 million shares.
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The company also announced the suspension of trading the company's shares, starting on Sunday, December 6th, to start the transfer procedures: for a period not exceeding 5 trading sessions.
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and the company announced at the beginning of last November that it had submitted an application to move to the main Saudi stock market; Through the automated system set by the financial market for this purpose.
and last September, Al-Samaani's board of directors agreed to move to the main market (TASI).
The Saudi Capital Market Authority decided in October 2019, to amend the listing rules, by adding provisions for the mechanism of transferring companies listed on the parallel market (Nomu) to the main market.
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The Saudi Stock Exchange (Tadawul) launched on February 26, 2017, the Parallel Market - Nomu, by listing and starting trading on the shares of 7 companies, including Al-Samaani Company, in different sectors With a fluctuation rate of 20%.
With the move of Al-Samaani Company to the main market, the number of companies listed in the (Nomu) market will become only 4 companies, while the number of shares listed in the main market will reach 186 companies. / p>
