Tadawul places trading halt on Savola’s shares for 2 days

15/12/2024 Argaam
Logo ofSavola Group

Logo of Savola Group

The Saudi Exchange (Tadawul) announced that the fluctuation limits for Savola Group will be based on a share price of SAR 27.80 and the outstanding orders will be canceled.

 

Furthermore, Savola shares will be suspended as per the listing rules for two business days starting today, Dec. 15, until the Securities Depository Center Company (Edaa) reflects shares reduction on investors’ portfolios. Trading will resume on Tuesday, Dec. 17.

 

For more news on listed companies
 

According to data compiled by Argaam, Savola’s shareholders approved the board’s recommendation to reduce capital by 73.54% from SAR 11.33 billion to SAR 3 billion during the extraordinary general meeting (EGM) held on Dec. 12.

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