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Saudi Exchange Company announces the approval of AlRajhi Capital to conduct Market Making activities on Obeikan Glass Co. (9531)
Saudi Exchange Company announces the approval of Al Rajhi Capital's application for conducting Market Making activities on Obeikan Glass Co (9531) in Nomu – Parallel Market, commencing on 26/05/2024G.
The Market Maker obligations on Obeikan Glass Co. (9531) are the following:
• Minimum Presence of Orders: 50%
• Minimum Size: 100,000 SAR
• Maximum Spread: 5.0%
AlRajhi Capital will be conducting Market Making activities as defined in the Market Making Regulations and the Market Making Procedures.
For more information about Market Making, please (Click Here).
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The said decision was taken as a result of convicting Fawaz bin Abdullah bin Abdulmohsen Alkhudari by proving his responsibility for making an incorrect statement in the announcement about Abdullah A. M. Al-Khodari Sons Co. which is a company listed in the Saudi Exchange on 05/06/2018, that included the amendment of the board of directors recommendation for the extraordinary general assembly to increase the Company's capital to the maximum of (SR. 257,000,000) instead of (SR. 208,000,000), as the new shares were granted in return for the settlement of due debts for Abdullah A. M. Al-Khodari Sons for Investment Holding Company, and that the endeavor of Abdullah A. M. Al-Khodari Sons for Investment Holding Company (Major shareholder) to increase its ownership percentage in Abdullah A. M. Al-Khodari Sons Co. 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