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Abo Moati, Thob Al Aseel's boards agree to move to TASI

Abo Moati, Thob Al Aseel's boards agree to move to TASI
The companies’ boards approved the resolutions on Sunday
ALASEEL
4012
-0.70% 4.25 -0.03
ABO MOATI
4191
-0.91% 24.08 -0.22

Riyadh – Mubasher: The boards of Abdullah Saad Mohammed Abo Moati for Bookstores Company (Abo Moati) and Thob Al Aseel Company have approved by circulation to transfer their shares to the main market Tadawul All-Share Index (TASI).

The transfer to TASI is subject to the approval of the Saudi Capital Market Authority (CMA) and is conditional on meeting all requirements stipulated by it, the two companies said in separate filings to the Saudi Stock Exchange (Tadawul) on Monday.

The companies’ boards approved the resolutions during their meetings on Sunday, 6 October.

It is worth remarking that Abo Moati was first listed on NOMU, the benchmark index on the Nomu-Parallel Market, on 26 February 2017, while Thob Al Aseel was listed on 15 June 2017.