Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that the fluctuation limits for the stock of Anaam International Holding Group will be based on a share price of SAR 166.

Trading the stock will be suspended for two business days, starting from today 1 January 2020, and will resume on Sunday 5 January, according to a statement by Tadawul.

Suspending the company’s shares trading has been decided so that the Securities Depository Center Company (Edaa) reflects shares reduction on investors’ portfolios.

The company’s extraordinary general assembly meeting (EGM) has approved on Tuesday the board’s recommendation to reduce the company’s capital by 92.35% from SAR 196 million to SAR 15 million, in order to offset accumulated losses through the cancellation of 181 million shares, valued at SAR 181 million.