Logo of Al Masane Al Kobra Mining Co. (AMAK)
The ban on Al Masane Al Kobra Mining Co.'s (AMAK) majority shareholders from selling their shares was lifted today, Sept. 28, six months after the stock began trading on the Saudi Exchange (Tadawul) on March 29.
Major shareholders faced a six-month ban since the company’s debut on Tadawul, during which they were not allowed to sell their shares.
As of today, they will be able to sell their shares without obtaining approval from the Capital Market Authority (CMA).
|
Major Shareholders |
|||
|---|---|---|---|
|
Shareholders |
|
Number of Shares (mln) |
Ownership (%) |
|
Arab Mining Co. |
9.40 |
14.24% |
|
|
Asas Mining Co. |
9.04 |
13.69% |
|
|
Prince Mishaal bin Saud Al Saud |
4.04 |
6.13% |
|
|
National Lead Smelting Co. Ltd. (Rasass) |
4.00 |
6.07% |
|
|
Mohammad Manea Aballala |
3.83 |
5.80% |
|
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