Tadawul ends lock-up period for Nayifat shareholders today

22/05/2022 Argaam
Logo ofNayifat Finance Co.

Logo of Nayifat Finance Co.

The Saudi Exchange (Tadawul) lifts today, May 22, the lock-up period imposed on Nayifat Finance Co.’s major shareholders after six months of listing on Nov. 22, 2021.

 

Major shareholders who own 57.8% of the company’s shares were subject to the lock-up.

 

As the lock-up period elapsed, they can now dispose of their shares without obtaining the approval of the Capital Market Authority (CMA).

 

Major Shareholders

Shareholders

Number of Shares (mln)

Stake

Falcom Holding

48.01

48.01%

Saud Al-Dossary

5.11

5.11%

Abdulaziz Alblaihed

4.71

4.71%
 

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