Raoom receives share sale request from major shareholder

04/02/2024 Argaam

Raoom receives share sale request from major shareholder

Logo of Raoom Trading Co.

Raoom Trading Co. received today, Feb. 4, a letter from Abdulaziz Al Humaid, one of Raoom's founders and major shareholders, expressing his intention to sell part of his stake in the company.

 

In a statement to Tadawul, Raoom said this decision is geared towards meeting a key requirement for transitioning to the main market (TASI), specifically the liquidity condition.

 

The company acknowledged that this action would lead to a change in the list of major stakeholders.

 

According to data available on Argaam, Al Humaid owns 2.65 million shares in Raoom, representing 42.2% of the company's capital.

 

In December 2022, the company's board of directors approved the transition from the Nomu-Parallel Market to TASI.

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