Logo of Umm Al Qura for Development & Construction
The trading ban on major shareholders of Umm Al Qura for Development and Construction Co. (Masar) expired on Sept. 23, six months after the stock debuted on the Saudi Exchange’s Main Market (TASI) on March 24.
Major shareholders and related parties, who together hold 66.66% of the company’s capital, had been restricted from selling their shares during the lock-up period.
These shareholders are now allowed to sell their holdings without prior approval from the Capital Market Authority (CMA).
Company Shareholders |
||
Shareholders |
After IPO |
|
Number of Shares (mln) |
Ownership (%) |
|
General Organization for Social Insurance |
345.98 |
24.05% |
Public Investment Fund |
282.30 |
19.62% |
Dallah Al-Baraka Holding Co. |
103.11 |
7.17% |
Shareholders acting by agreement |
227.47 |
15.82% |
Be the first to comment
Comments Analysis: