The Saudi Stock Exchange (Tadawul) announced the issuance of its decision on Sunday, April 12, 2020, which includes approving the request of Bahr Al Arab Company for Information Systems to move from the parallel market to the market. Home.

The Stock Exchange said in a statement today, that the company’s capital amounts to 100 million riyals and the number of shares of 10 million shares with a nominal value of 10 riyals per share.

Accordingly, trading in the company’s shares will be suspended from today, Sunday, to start the transfer procedures, for a period not exceeding five trading sessions.

Tadawul will announce the date of the start of listing the shares of Bahr Al Arab Company for Information Systems in the main market once the procedures are completed.

Bahr El-Arab started its activity in 1980, and the company works in operating, developing, installing and maintaining computer programs and networks.