Alsaif Gallery Chairman pledges not to dispose shares for 2 years

03/07/2023 Argaam

Alsaif Gallery Chairman pledges not to dispose shares for 2 years

Logo of AlSaif Stores for Development and Investment Co. (Alsaif Gallery) 

AlSaif Stores for Development and Investment Co. (Alsaif Gallery) received, on July 2, a letter from Chairman Suleiman Alsaif stating he will not sell, assign or transfer his shares for a period of at least two years.

 

Suleiman Al-Saif owns 218.75 million shares, or 62.5% of the company’s share capital, according to a statement to Tadawul.

 

The lock-up period on Suleiman Alsaif, major shareholder, ended on July 2, six months after the stock began trading on Tadawul on Dec. 27, 2022, Argaam reported.

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