CMA to lift AlBaha trading ban starting June 4

03/06/2017 Argaam

The Saudi Capital Market Authority (CMA) lifted on May 31 a trading ban on AlBaha Investment & Development Co. (AlBaha), the market regulator said in a statement.

 

This will allow the company to trade on the Saudi Stock Exchange (Tadawul) starting Sunday, June 4.

 

Albaha’s accumulated losses have dropped to 15.7 percent of capital.

 

The company had been banned from trading since April 6, 2013, Argaam earlier reported.

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