Tadawul sets Saudi Cable’s fluctuation limit after capital cut

06/06/2017 Argaam

Saudi Cable Co.’s daily trading fluctuation limit after its capital reduction will be based on a share price of SAR 10.81 as of June 6, the Saudi Stock Exchange (Tadawul) said in a statement on Tuesday.

 

The Securities Depository Center (Edaa) has shareholder accounts before the start of the trading day to reflect the new capital structure, the statement added. 

 

Earlier this week, the company’s general assembly has approved a 46.83 percent capital reduction to SAR 404.11 million, to offset accumulated losses.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read