Saudi Exchange: Al Mojil shares trade over-the-counter at SAR 12.5/share

Investors traded 1,727 shares of Mohammad Al Mojil Group on Thursday over-the-counter with a value of SAR 21,600 at SAR 12.50 per share.

This is the highest number of OTC shares traded by the Saudi Arabian construction firm since the kingdom’s Capital Market Authority permitted the process for delisted and suspended companies in September, according to Argaam.

During the six previous sessions, the company— which has been facing heavy losses— traded 216,000 shares at SAR 4 per share and SAR 4.05 per share.

In September, the Saudi Stock Exchange (Tadawul) approved OTC trading of Mohammad Al Mojil Group’s suspended shares.