Tadawul delists Sahara shares on merger with Sipchem

21/05/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) has delisted Sahara Petrochemical Co.’s shares as of end of Monday, May 20, 2019.

 

Last week, Sahara’s shareholders approved the recommended share swap offer whereby Sipchem would fully acquire Sahara through the issuance of 0.8356 new Sipchem shares for every Sahara share. 

 

On Sunday, Tadawul suspended trading on shares of Sahara Petrochemical Co. as of May 19 ahead of stock delisting procedures, Argaam reported earlier.

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