The Saudi Stock Exchange Company (Tadawul) announced the listing and beginning of trading on the shares of Al-Samaani Factory for Metal Industries in the main market, starting next Thursday.
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According to Arabiya Net, the company said in a statement that Al-Samaani will be code (1832) in the commercial and professional services sector, provided that the daily fluctuation of the share price will be 10% .
Al-Samani's capital is about 25 million riyals, with 2.5 million shares.
Last Thursday, Tadawul had agreed to the request of Al-Samaani Factory for Metal Industries to move from the parallel market to the main market.
and suspended trading Al-Samaani shares, starting on Sunday, December 6, 2020, to start the transfer procedures, for a period of no more than five trading sessions.
and the previous financial statements of the Al-Samaani Factory for Metal Industries revealed its shift to profit during the six months ending June 30, 2020.
The company achieved a net profit of 1.2 million riyals against losses of 622 thousand riyals in the corresponding period of the year 2019.
