Al Othaim’s fluctuation limit set at SAR 86.86

24/04/2018 Argaam

 

Abdullah Al Othaim Markets Co.’s daily fluctuation limit after its capital increase will be based on a share price of SAR 86.86 as of April 24, the Saudi Stock Exchange (Tadawul) said in a statement on Tuesday.

 

The Securities Depository Center (Edaa) will deposit the additional shares into the investor’s portfolios by Thursday, April 26, 2018, the stock exchange added.

 

Al Othaim’s extraordinary general assembly approved on Monday a 100 percent capital hike to SAR 900 million from SAR 450 million through the issue of one bonus share for every share held.

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