Halwani Bros major shareholder transfers shares to son

Halwani Bros major shareholder transfers 742,500 shares to his son

Halwani Bros. received on Aug. 28 a notice from Mohamed Halwani, a major shareholder, who will transfer 742,500 shares to his son.

 

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In a statement to Tadawul, the company said the move is part of Mohamed Halwani’s plan to restructure his 7% ownership in the company.

 

Accordingly, the change will reflect on Tadawul’s website.

 

According to Argaam data, the shares to be transferred represent 2.1% of the company’s total 35.4 million shares.

 

Mohamed Abdul Hameed Halwani Investment Co. currently holds 2.03 million shares in Halwani Bros., representing 5.74% of the company’s total shares.

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