The Saudi Stock Exchange (Tadawul) lifts today, Sept. 16, the lock-up period imposed on Dr. Sulaiman Al Habib Medical Services Group’s major shareholders after six months of listing.
The Capital Market Authority’s (CMA) regulations specify that major shareholders are prohibited from selling the stock for no less than six months from the listing date.
Founding shareholders, who own 85% of the company’s capital, must notify and obtain the CMA’s approval before selling their shares on Tadawul, regardless of the ban ending period.
Sulaiman bin Abdulaziz S. Al Habib is the major shareholder in Dr. Sulaiman Al Habib Medical Services Group with a 40.03% stake, in addition to a 3.67% indirect stake through Thabat Ltd.
Mohammed bin Abdulaziz Al Habib & Sons Holding comes second, holding a 33.75% stake and indirectly owning 4.98% stake through Jawarat Al Bahr Co.
Sulaiman Al Habib Group’s Major Shareholders |
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Shareholder |
Number of shares after IPO (mln shares) |
Stake % |
Sulaiman bin Abdulaziz S. Al Habib |
140.11 |
40.03 % |
Mohammed bin Abdulaziz Al Habib & Sons Holding |
118.14 |
33.75 % |
Jawarat Al Bahr ** |
17.43 |
4.98 % |
Thabat Ltd.* |
12.85 |
3.67 % |
Hisham Sulaiman bin Abdulaziz S. Al Habib |
7.00 |
2.00 % |
Mohamed Sulaiman bin Abdulaziz S. Al Habib |
1.98 |
0.57 % |
*Fully owned by Sulaiman Abdulaziz Al Habib.
** Fully owned by Mohammed bin Abdulaziz Al Habib & Sons Holding.
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