Watani Steel changes financial advisor on TASI transition

27/02/2024 Argaam

Watani Steel changes financial advisor on TASI transition

Logo of Watani Iron Steel Co. (Watani Steel)

Watani Iron Steel Co. announced today, Feb. 27, changing the financial advisor on its transition to the main market (TASI), appointing Yaqeen Capital instead, as per the updated listing rules.

 

The market transition is still subject to the Capital Market Authority’s (CMA) approval and meeting the related requirements. Future updates on this matter will be duly announced, the company said in a Tadawul statement.

 

Watani Steel’s board approved in August 2023 the transition from the Nomu-Parallel Market to TASI, having previously appointed Al Dukheil Financial Group as financial advisor on the planned move.

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