Tadawul approves Development Works Food transition to main market

17/11/2021 Argaam

Logo of Development Works Food Co.

Development Works Food Co. (DWF) announced that it obtained today, Nov. 17, the approval of the Saudi Exchange (Tadawul) on its transition from Nomu-Parallel Market to the main market, with SAR 30 million capital, divided into 3 million shares.

 

According to a bourse statement, the company added that its shares will be suspended from trading as of Thursday, Nov. 18 to start the transition procedures, noting that the suspension will last five trading sessions.

 

DWF indicated that it will announce the date of listing on the main market when completing the relevant procedures.

 

Tadawul’s approval should never be considered as a recommendation to invest in the company shares, the company said, adding that the approval merely means that it committed to the listing rules.

 

The company was listed on Nomu in February 2017, and its board of directors approved, in September 2021, moving it to the main market, Argaam earlier reported.

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