AlBaha Investment & Development, which the Saudi Capital Market Authority suspended trading in its shares on April 6, 2013, will start over the counter trading of its stock on Nov 9, 2014, the Saudi bourse, Tadawul, said in a statement.
Tadawul, the company, added that investors should carefully evaluate the risk of buying shares in AlBaha and that the Saudi regulator’s decision to approve over the counter dealing does not reflect endorsement of the company or its performance.
The company, which runs industrial, agricultural and tourism projects, reported in April accumulated losses of SAR 182.5 million or 123 percent of its capital.
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