Logo of Abdullah A. M. Al-Khodari Sons Co.
The Capital Market Authority (CMA) issued a decision today, Nov. 4, to delist shares of Abdullah A. M. Al-Khodari Sons Co. from the Saudi Exchange (Tadawul).
The market regulator said the decision is based upon the Capital Market Law issued by Royal Decree No. (M/30), and sub-paragraph (15) of paragraph (A) of Article No 36 of the Listing Rules.
The company said earlier today that Riyadh Commercial Court upheld on Nov. 3 the judgment issued on Aug. 10 in the legal case filed to end the procedure for the company's financial restructuring and starting liquidation.
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