Logo of ADES Holding Co.
The lock-up period on ADES Holding Co.’s major shareholders ends today, April 4, six months after its shares listed on the Saudi Exchange (Tadawul) on Oct. 11, 2023.
The lock-up period ends today due to Eid Al-Fitr holidays, which starts at the end of today's trading. The market will resume trading on April 1.
The lock-up was imposed on the major shareholders, owning 67% of the company’s capital.
These shareholders may now dispose of their shares without obtaining prior approval from the Capital Market Authority (CMA).
|
Major Shareholders |
||
|
Shareholders |
Post-IPO |
|
|
Number of Shares (mln) |
Ownership (%) |
|
|
ADES Investment Holding |
412.28 |
36.5 % |
|
PIF |
268.55 |
23.8 % |
|
Zamil Investment |
75.65 |
6.7 % |
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