Riyadh – Mubasher: Saudi Arabian Amiantit Company’s stock hiked 9.94% during Sunday’s mid-session, hitting the highest level in nine years.

By 01:20 pm KSA time, the stock stood at SAR 5.88.

The stock's traded volume reached 2.95 million shares exchanged at a turnover of SAR 17 million through 1,120 transactions.

On Sunday, the company approved the appointment of Wasatah Capital as the company’s new financial advisor to manage its capital reduction.