Tadawul suspends trading on MIS ahead of material event

12/01/2023 Argaam
Logo ofAl Moammar Information Systems Co.

Logo of Al Moammar Information Systems Co.

The Saudi Exchange (Tadawul) halted trading on shares of Al Moammar Information Systems Co. (MIS) from 12:00 pm to 1:00 pm, today, Jan. 12, upon the company's request and as per the listing rules and procedures for suspending listed companies' shares.

 

The company will announce a significant event, Tadawul said in a statement.

 

The order maintenance period will start at 12:30 pm, Tadawul added.

 

MIS stock traded 0.1% lower at SAR 95.10 today, with nearly 5,800 shares changing hands in 95 transactions.

 

MIS received a favorable preliminary court ruling today to dismiss the lawsuit in a commercial lawsuit filed against the company.

 

The lawsuit was filed against it by Ettesaq Ltd Co., which sought compensation worth SAR 65.5 million, including 15% value-added tax (VAT) as well as the attorney fees of SAR 300,000.

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