Bena board OKs TASI transition

The transition remains subject to regulatory approvals and the fulfillment of all related requirements.

Bena Steel Industries Co.’s board of directors approved, on Dec. 30, the company’s plan to transition from the Nomu-Parallel Market to the Main Market (TASI).

According to a statement on Tadawul, Bena’s board will begin completing the requirements and contacting the competent authorities to obtain the necessary licenses to move to TASI.

The planned transition remains subject to regulatory approvals and the fulfillment of all related requirements.

The company noted that any material developments will be disclosed in due course.

Bena was listed and began trading on Nomu in March 2023, with a current share capital of SAR 60 million, divided into six million shares at a SAR 10 nominal value each, according to Argaam’s data.