al-Obeikan Glass to Move from Parallel to Main Market on Saudi Exchange
RIYADH – Saudi Arabia’s circulation has approved Al-Obeikan Glass’s request to transition from the Growth – Parallel Market to the Main Market, the company announced today, Sunday. The move will see the company operate with a capital of 320 million riyals and 32 million shares .
Al-Obeikan Glass stated that its shares will continue trading on the Growth – Parallel Market until the transfer document is fully processed. The transfer document is expected to be published within three trading sessions following the approval announcement.
The document will be publicly available for review on the saudi Exchange (Tadawul) website, the Capital Market Authority (CMA) website, and the financial advisor’s website for ten trading sessions. Following this period,trading of Al-Obeikan Glass shares will be suspended for up to five trading sessions to facilitate the transfer process. The company will announce the suspension date and the commencement of trading on the Main Market once procedures are finalized.
Investors are strongly advised to thoroughly investigate and study all disclosed details, including the details outlined in the transfer document, before making any investment decisions.
