Saudi Exchange announces fluctuation limits for MAADANIYAH will be based on share price of SR25.75

The National Metal Manufacturing and Casting Co. (MAADANIYAH) held on Tuesday 23/11/2021 has approved the company’s request for a capital reduction and approval on capital increase through rights issues.

Thus, the company will be suspended as per the Listing Rules for two business days, starting from Wednesday 24/11/2021G, until the Securities Depository Center Company (Edaa) complete the corporate action process, lifting the suspension of trading will be end of Thursday 25/11/2021 and the fluctuation limits for National Metal Manufacturing and Casting Co. will be based on a share price of SR 25.75 and the outstanding orders will be canceled.

Furthermore, the National Metal Manufacturing and Casting Co. rights will be deposited into applicable investor’s portfolios on Sunday 28/11/2021.