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.

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