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Bawan company announces a change in the ownership structure of a major shareholder
| Element List | Explanation |
|---|---|
| Announcement Detail | Bawan Company announces that it has received a letter from the shareholder Abdulqadir Al Muhaidib & Sons Company (Closed Joint Stock Company), being one of the major shareholders in the Company, holding 13.38% of Bawan Company’s shares, stating its desire to reorganize and restructure its investment portfolios by transferring 2,900,000 shares, representing approximately 4.83% of Bawan Company’s shares, from its investment portfolio to the portfolio of Al Muhaidib Holding Company (Limited Liability Company), which is one of the subsidiaries of Abdulqadir Al Muhaidib & Sons Company. This transfer will result in an adjustment in the ownership percentage of one of the major shareholders and an update in the list of major shareholders published on Tadawul website. The shareholder has obtained the Capital Market Authority’s approval to transfer securities without executing a transaction, in accordance with subparagraph (m) of paragraph (2) of Article 36 of the Securities Depository Center Rules. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 44.62
Net Change -0.34 (-0.76%)
Value Traded (Sar) 12,752,423.9
Volume Traded 288,142
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