Alsaif Gallery Chairman pledges not to dispose shares for 2 years

03/07/2023 Argaam
Logo ofAlSaif Stores for Development and Investment Co. (Alsaif Gallery)

Logo of AlSaif Stores for Development and Investment Co. (Alsaif Gallery) 

AlSaif Stores for Development and Investment Co. (Alsaif Gallery) received, on July 2, a letter from Chairman Suleiman Alsaif stating he will not sell, assign or transfer his shares for a period of at least two years.

 

Suleiman Al-Saif owns 218.75 million shares, or 62.5% of the company’s share capital, according to a statement to Tadawul.

 

The lock-up period on Suleiman Alsaif, major shareholder, ended on July 2, six months after the stock began trading on Tadawul on Dec. 27, 2022, Argaam reported.

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