Obeikan Glass resubmits request to move to Main Market

Obeikan Glass manufacturing facility

Obeikan Glass Co. resubmitted, on May 23, its request for transfer from the Nomu-Parallel Market to the Main Market (TASI).

The request was submitted through the system designated by the regulatory authorities for this purpose, the company said in a statement to the Saudi Exchange (Tadawul).

In January, Tadawul announced its rejection of the company’s share transfer request from Nomu to TASI on failure to meet all transition requirements stipulated in the listing rules, according to data compiled by Argaam.

Obeikan shares were listed on Nomu in February 2022. The company’s capital stands at SAR 320 million, divided into 32 million shares.