Lock-up period for Al Mawarid Manpower major shareholders ends today

18/12/2023 Argaam
Logo of Al Mawarid Manpower Co.

Logo of Al Mawarid Manpower Co.

The lock-up period on Al Mawarid Manpower Co.’s major shareholders ends today, Dec. 18 – six months after its shares listed on the Saudi Exchange (Tadawul) on June 19.

 

The lock-up was imposed on the major shareholders owning a total of 68% of the company’s capital.

 

These shareholders may now dispose of their shares without the need to obtain prior approval from the Capital Market Authority (CMA).

 

Major Shareholders

Shareholders

Post-IPO

Number of Shares

(mln)

Ownership

(%)

Alomaier Trading and Contracting Co.

3.59

23.94 %

Al-Ayuni Investment and Contracting Co.

3.59

23.94 %

Saudi Edarah Co.*

0.99

6.62 %

Khalda Trading Group

0.76

5.05 %

Almawarid kom Trading Group

0.70

4.66 %

Alsaraya Investment Co.

0.55

3.64 %
*Saudi Edarah owns 2200 shares, or 22% of Alsaraya Investment

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