Trading on Alwasail shares suspended ahead of TASI transition

04:32 PM (Mecca time) Argaam- Nomu
Logo ofAlwasail Industrial Co.

Logo of Alwasail Industrial Co.

The Saudi Exchange (Tadawul) announced the trading suspension of Alwasail Industrial Co.’s shares starting from Jan. 18.

 

The suspension is for a period not exceeding five trading sessions to complete procedures for transferring its shares from the Nomu-Parallel Market to the Main Market (TASI), according to a Tadawul filing today, Jan. 15.

 

The TASI listing and trading date of the company’s shares will be announced as soon as the procedures are completed.

 

According to Argaam’s data, the company said earlier that Jan. 15 is the last day of the period during which the document related to the transfer of its shares from Nomu to TASI is available for public review.

 

Alwasail debuted on Nomu in January 2022, with a capital of SAR 250 million, divided into 250 million shares, at a par value of SAR 1 apiece.

 

The stock closed today at SAR 3.38 on Nomu, which will also be its opening price in the inaugural session on TASI.

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