AMAK extends Al Rajhi Capital appointment as market maker for 6 months

12/08/2024 Argaam
Logo ofAlmasane Alkobra Mining Co. (AMAK)

Logo of Almasane Alkobra Mining Co. (AMAK)

Almasane Alkobra Mining Co.'s (AMAK) board of directors approved today, Aug. 12, extending the appointment of Al Rajhi Capital as a market maker for an additional period of six months, effective as of Aug. 19, 2024 to Feb. 18, 2025.

 

In a statement to Tadawul, the company said that the extension comes in order to enhance liquidity in the trading of the company’s shares.

 

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The decision is subject to the approval of the relevant authorities, said AMAK, adding that Al Rajhi Capital will carry out market-making activities in accordance with the market-making regulations and guidelines.

 

The company will announce any developments in due time.

 

In February, the company announced that the request to appoint Al Rajhi Capital as a market maker for the company’s shares was approved.

 

AMAK board of directors decided in January to appoint Al Rajhi Capital as a market maker for the company’s shares, to support liquidity in share trading, Argaam earlier reported.

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