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Al Sorayai fluctuation limits to be based on share price of SAR 40.75

Al Sorayai fluctuation limits to be based on share price of SAR 40.75
Tadawul sets Al Sorayai's fluctuation limits on share price of SAR 40.75
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Riyadh – Mubasher: The Saudi Stock Exchange announced that the fluctuation limits of Al Sorayai Trading and Industrial Group will be based on a share price of SAR 40.75.

The Securities Depository Center (Edaa) will deposit the additional shares into the investor’s portfolios on Sunday, 1 September, according to Tadawul’s statement on Thursday.

It is worth noting that the extraordinary general assembly of Al Sorayai has approved a 70.89% capital cut.

The company will reduce its capital to SAR 65.5 million instead of SAR 225 million.