TADAWUL Sets Fluctuation Limit for ALBAHA Shares Based on SAR 3.50 Price

The Saudi Stock Exchange (Tadawul) announced on Wednesday that the fluctuation limit for Albaha Investment & Development Company’s shares will be calculated based on a price of SAR 3.50, following the Company’s General Assembly’s approval of the merger of the Company’s shares.

The exchange noted that trading in the Company’s shares will be suspended for two business days, starting today, Wednesday, in accordance with listing rules. The Securities Depository Centre Company (Edaa) will implement the merger of the Company’s shares into shareholders’ investment portfolios. The suspension will be lifted by the end of trading on Thursday.