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Tadawul announces fluctuation limit for TADCO

Tadawul announces fluctuation limit for TADCO
TADCO's outstanding orders would be cancelled
-1.13% 39.50 -0.45

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced on 7 April that the fluctuation limit for Tabuk Agricultural Development Company (TADCO) would be based on a share price of SAR 27.55.

Tadawul added that the outstanding orders would be cancelled. It noted that TADCO’s rights will be deposited into portfolios of applicable investors on Sunday, 11 April.

The company held its extraordinary general meeting on 6 April and the approved the capital increase through a rights issue. TADCO plans to raise the capital to SAR 391.76 million that will be distributed over 39.17 million shares.